Michael J. Sonego has been named senior vice president and head of residential mortgage banking and title services for Citizens Banking Corp., Flint, Mich.Mr. Sonego will be responsible for both retail and wholesale mortgage origination. Before joining Citizens, Mr. Sonego was employed for nearly 20 years by Bank One and its predecessors in management positions in mortgage sales support and mortgage origination, the company said. Citizens provides residential mortgage services in Michigan through Citizens Bank Mortgage Co. and has mortgage departments in Citizens Bank-Illinois and F&M Banks in Wisconsin and Iowa.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
8h ago -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
8h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
8h ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25