Larry Jackson has been named to the newly created position of senior vice president of secondary marketing at DeepGreen Financial, a Cleveland-based online home equity lender.Mr. Jackson joins DeepGreen from Shore Mortgage, Birmingham, Mich., where he was chief financial officer. He was previously senior vice president for secondary marketing products and consulting at MortgageFlex Systems. At DeepGreen, he will manage the company's product offering, pricing, and investor relations and supervise its hedging and sales activities, the company said. DeepGreen can be found on the Web at http://www.deepgreenfinancial.com.
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Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
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