Kinecta Federal Credit Union has named Dennis Kuncas vice president, mortgage lending operations. He will be responsible for overseeing all aspects of the Manhattan Beach, Calif., credit union's wholesale and retail mortgage operations, including broker approvals, lock desk, processing, underwriting and funding. Kuncas most recently held the position of branch operations and sales manager at Deutsche Bank/MortgageIT in Irvine.
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.
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.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
