Mark Lefanowicz, chief operating officer of E-Loan Inc., Pleasanton, Calif., has been promoted to president of E-Loan and will retain his position as COO.Mr. Lefanowicz has been E-Loan's COO since January, and has been a company director since October 2002. The company also announced the appointment of Susan Catherine Muriel as its new chief marketing officer. She joins E-Loan from Upromise Inc., a private college funding program. E-Loan, a consumer-direct lender that offers mortgage, auto, and home equity loans, can be found online at http://www.eloan.com.
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Newly minted Federal Reserve Chair Kevin Warsh will host his inaugural press conference on Wednesday. Bankers will be paying close attention to what he says — and how he says it.
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The Federal Housing Finance Agency's annual report to Congress asks for enforcement and referral powers beyond the limited ones it currently has.
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The deal reinforces PennyMac's AI-focused pivot and will also accelerate development and growth of its proprietary servicing platform, the lender said.
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Rithm and UWM Holdings are the favorite names among publicly traded lenders, while BTIG adds coverage of Better Home & Finance at a buy rating.
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The deal offers a series of exchangeable, class A and B notes, which will pay coupons ranging from 6.00% on the A1 tranche to 5.00% on the A33 tranche.
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This industry executive finds subservicing mortgages impacted by rule changes and relatively higher delinquency rates helps test operations and keep them sharp.
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