David Lowman has been named chief executive officer of the Global Mortgage business of JPMorgan Chase & Co. and a member of the Executive Committee.Mr. Lowman, a 25-year veteran of the lending and mortgage industries, has been president and CEO of CitiFinancial International since 2004. Chase said Mr. Lowman will work with other executives to develop an international consumer finance strategy. The company can be found online at http://www.chase.com.
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.
