Stephen E. Adamo has been named president and chief executive officer of Citizens Mortgage Corp. by its parent company, Citizens Financial Group Inc., Providence, R.I.Citizens Financial said Mr. Adamo, who had been managing Citizens Mortgage on an interim basis during the search for a new president and CEO, will retain his responsibility as managing director of the company's New England Business Banking Group. He joined Citizens Mortgage in 1995 and was promoted to president and chief operating officer in 1998, the company said. Citizens Financial, which operates as Citizens Bank, can be found online at http://www.citizensbank.com.
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The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
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However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
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OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
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President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
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Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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