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 company that the global firm is investing in owns a U.S. mortgage correspondent business and another domestic lender that does business with brokers.
36m ago -
The Consumer Financial Protection Bureau has finalized changes to Regulation B, which implements the Equal Credit Opportunity Act, to eliminate any liability for indirect discrimination by lenders. The change represents a major shift in how the agency polices lending discrimination.
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The company will be using a simplified name and a new logo it says shows its unified business model, but its longstanding tagline will stay in place.
4h ago -
The investment property owner says she was stonewalled and humiliated by BofA's loan officers, and that an error-riddled appraisal was short by over $70,000.
7h ago -
An independent auditor raised "substantial doubt" about the company's viability as it may not be able to extend forbearance deadlines on massive debts.
7h ago -
The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
April 21







