BankUnited, Miami Lakes, Fla., has named Raymond S. Barbone executive vice president, mortgage services. In his new role, he will oversee loan administration and servicing, default administration, real estate owned disposition and mortgage modification efforts. Most recently, Mr. Barbone was a group senior vice president for operations at ABN AMRO Mortgage Group in Jacksonville, Fla. Prior to joining ABN AMRO, he spent 14 years with Atlantic Mortgage & Investment Corp., where he served in a variety of positions including controller and senior vice president, loan administration. He has served on the Freddie Mac Servicing Advisory Board and the Fidelity Information Services Mortgage Advisory Board.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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