Carl Levinson has been named head of the North American Consumer Lending Group (including mortgage and home equity lending) of Citigroup's Global Consumer Group.The appointment was announced as part of a new organizational structure for the Global Consumer Group. Mr. Levinson will be one of four primary business heads in North America. The others are Vik Atal, who will head Citi Cards; Ellen Alemany, who will continue running the Commercial Business Group; and Ray Quinlan, who will become head of Retail Distribution North America. Citigroup can be found online at http://www.citigroup.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
5h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
9h ago -
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