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.
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The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
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Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
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