Fred Melgaard has been named executive vice president of DRI Management Systems, a provider of mortgage default management technology based in Newport Beach, Calif. His primary responsibilities include managing major client relationships, customer relations, sales, and marketing. DRI said Mr. Melgaard is a 19-year industry veteran who joined the company from Harland Financial Solutions, where he has served in various capacities since 1999, including vice president of servicing products and customer experience. He previously spent six years in senior management positions at several technology firms, including MaestroSoft, where he was president and chief executive officer. DRI can be found online at http://www.dridefault.com.
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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 -
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 -
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 -
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.
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