Champion Mortgage, Parsippany, N.J., has announced the promotion of Steven K. Ives to vice president of organizational performance and project management and of Terri Finnerty to vice president and chief marketing officer.Mr. Ives, a five-year veteran of Champion, will be responsible for overseeing the company's performance and project management initiatives. He previously served as vice president and chief financial officer. Ms. Finnerty, who joined Champion in 2001 as assistant vice president for advertising, will be responsible for leading Champion's marketing efforts and overseeing the activities of Gerbig, Snell/Weisheimer, Champion's recently selected advertising agency. Champion, a division of Cleveland-based KeyCorp, can be found on the Web at http://www.champion.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24