M. Wayne Lee, president of Argent Mortgage Co., has been named chief executive of corporate sibling Ameriquest Mortgage Co.Ameriquest Mortgage and Argent Mortgage are subsidiaries of Ameriquest Capital Corp., Orange, Calif. Ameriquest Mortgage is the retail unit, Argent the wholesale. Mr. Lee, who will remain as president of Argent, succeeds Kirk Langs. The company said Mr. Langs is retiring to spend more time with his family and pursue other interests. Mr. Lee became president of AMC Wholesale, the forerunner to Argent, in 2000. He has been with the Ameriquest organization for 20 years.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
6h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
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The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
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Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
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The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
11h ago