Ronald Barnett joined Mortgage Access Corp., Morris Plains, N.J., as vice president and area manager. He is responsible for developing and managing loan originations in the New Jersey region. Most recently, Mr. Barnett was an area manager for JPMorgan Chase's home lending group and he also worked in a similar capacity for Washington Mutual and Bank of America.
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.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
