Antonio F. Faria has been named president of Doral Money Inc., a New York-based subsidiary of Puerto Rico-based Doral Bank that specializes in commercial and construction mortgage lending.Before joining Doral, Mr. Faria was president and chief executive officer of the Government Development Bank for Puerto Rico, president and CEO of the Economic Development Bank for Puerto Rico, and Puerto's Rico's commissioner of financial institutions. Before entering the public sector, Mr. Faria had more than 25 years of experience in Puerto Rico's banking industry, Doral said.
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GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
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A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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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.
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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.
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