Chicago Bancorp, a retail mortgage banking company, has hired Jeffrey Walker as the new president of Chicago Bancorp Direct, its direct-to-consumer lending platform. Most recently he was with CitiMortgage Inc. where he was the managing director/executive vice president of national sales and lending. In his new role, Walker will be responsible for expanding the company's national footprint through Internet lending, call centers, and strategic partner relationships. He will be based in Chicago and assume his new responsibilities with the firm on May 1.
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Some equity and credit agency researchers have lowered their sights in line with market changes, but their forecasts suggest stability for those that pivot.
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The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
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The arm of the asset management giant is paying over $100 million for the Cherry Hill business started in part with Freedom Mortgage over a decade ago.
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The average down payment across the list was 17.1%, well above 13.1% nationally, and the median credit score was 766, compared with 747 countrywide.
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HBT Financial in Bloomington, Illinois, has agreed to acquire Tri-County Financial Group in a deal valued $204.6 million.
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The markets mostly believe the jobs report put the damper on a September hike, but some still think the Federal Open Market Committee is likely to raise first.
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