Fred Bolstad has been named managing director of wholesale lending at CitiMortgage, St. Louis, effective Oct. 1.Mr. Bolstad joined CitiMortgage in 2001 as national sales director for its Smith Barney and employee channels, the company said. Earlier this year, his responsibilities were expanded to include sales oversight of the Citibank lending and corporate channels of CitiMortgage's retail lending business. Mr. Bolstad was previously an area manager for Norwest Mortgage and a regional sales manager for Wells Fargo, the company said. CitiMortgage can be found on the Web at http://www.citimortgage.com.
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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.
36m ago -
New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
36m ago -
A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
36m ago -
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.
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