Nicholas Hahn, formerly an executive with Countrywide Home Loans, has been named chief financial officer of DeepGreen Financial, a Cleveland-based online business-to-business home equity lender.Mr. Hahn's expertise will help DeepGreen expand its securitization and asset sales programs, said Jerome Selitto, DeepGreen's chief executive officer. Mr. Hahn was executive vice president for production accounting at Countrywide, where he was responsible for all accounting and management reporting for the company's mortgage production divisions, DeepGreen said. The B2B lender can be found online at http://www.deepgreenfinancial.com.
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Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
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Meet the top loan originators in the 28th edition of National Mortgage News' annual ranking and learn how they approach purchase business.
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Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
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One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale.
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Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
April 29 -
President Biden had issued a rule in 2024 requiring newly constructed homes to abide by an energy mandate to be eligible for FHA- or USDA-backed mortgages.
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