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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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.
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An independent auditor raised "substantial doubt" about the company's viability as it may not be able to extend forbearance deadlines on massive debts.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
April 21 -
Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
April 21 -
More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
April 21 -
Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
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