Tom Wind, the CEO of Chase Home Finance, Iselin, N.J., has left the company to take a position with Lehman Brothers, industry sources confirmed to MortgageWire.A source close to the situation told MW that Chase sent out an internal memo on Mr. Wind's departure, but has yet to announce the change publicly. "He's a good guy and we'll miss him," said the source. He left the lender/servicer about a week ago. Chase Home Finance, an affiliate of J.P. Morgan Chase, has yet to name a successor. CHF is the nation's fourth largest residential funder, according to the Quarterly Data Report.
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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.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
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.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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