Mark Hughes has been named president of the Bohan Group, a San Francisco-based provider of risk analysis for the mortgage industry.Mr. Hughes, who will retain his title of chief operating officer, has been an executive vice president of Bohan for four years. Before joining the company, Mr. Hughes spent 12 years in the mortgage department of Solomon Smith Barney (now Citigroup). Bohan provides due diligence, and it recently expanded its services to include regulatory compliance reviews and software as well as a Southern California mortgage fulfillment center. Paul Bohan, the company's chairman and chief executive officer, said Mr. Hughes "will be key in the expansion of our fulfillment center in Southern California, as well as forging new partnerships with other service providers." The company can be found online at http://www.bohangroup.com.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
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A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
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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.
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As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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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.
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