Chito Schnupp has been promoted to executive vice president of ComUnity Lending, Morgan Hill, Calif., and will join the company's Executive Leadership Team.Ms. Schnupp, a 20-year veteran of the mortgage industry, was most recently senior vice president for capital markets. Her new position will continue to focus on capital markets but will also be "heavily involved with the company's strategic planning and vision," the company said. Ms. Schnupp was previously employed by such lenders as Olympia Funding, Medallion Mortgage/AccuBank, First Franklin/National City Mortgage, and Wells Fargo. The company can be found online at http://www.comunitylending.com.
-
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 -
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.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









