Countrywide, America's Wholesale Lender, a division of Countrywide Home Loans Inc., has announced the promotions of Brian Robinett to chief operating officer and of two other key executives.The others are Eric Spence, who was promoted to managing director and national sales manager, and Joe Miller, who was promoted to managing director and national operations manager. Mr. Robinett, previously Countrywide's managing director of prime lending, will provide strategic direction for all aspects of the division's prime and nonprime lending. As national operations manager, Mr. Spence will oversee production, revenue, and market share growth, as well as sales strategy and management, and he will spearhead the tightened integration of the Prime Lending Group with the Specialty Lending Group, Countrywide said. Mr. Miller will provide strategic direction, introduce process enhancements for loan fulfillment, and oversee underwriting and credit risk functions. The Countrywide Wholesale Business Channel can be found online at http://www.cwbc.com.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
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Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
April 21 -
More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
April 21 -
Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
April 21 -
The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
April 21 -
March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
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