Bill Beckmann has been named president of St. Louis-based CitiMortgage.Mr. Beckmann has been employed by Citigroup for more than 20 years, most recently as chief servicing and technology officer for its Real Estate Servicing and Technology division. In that capacity, he oversaw servicing and technology for Citigroup's residential real estate properties, including CitiMortgage, CitiFinancial Mortgage, Citicorp Trust Bank, Private Mortgage Operations, CitiFinancial Network, and Chesapeake Appraisal and Settlement Services, the company said. Mr. Beckmann was previously president of specialty lending in Citigroup's U.S. Consumer Assets Division. CitiMortgage can be found online at http://www.citimortgage.com.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
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A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
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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.
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As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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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.
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