Al Tappe, an executive at Countrywide Home Loans, has been named chief operations officer of Citigroup's Citi Real Estate Lending, St. Louis, effective Feb. 1.Mr. Tappe will be responsible for supporting all real estate origination operations, including dedicated channel support for unique customer or product needs, and a business center that provides cross-channel support for common functions, the company said. He held senior positions at Countrywide as chief technology officer and chief operations officer in the company's Consumer Markets Division. Mr. Tappe also held positions in the mortgage operations of Wells Fargo & Co. and Bank of America.
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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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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