David Feldman has been named executive vice president of operations at eAppraiseIT LLC, Poway, Calif., and Mark Cassidy has been named chief appraiser and director of the company's appraiser support division.Mr. Feldman, previously senior vice president of operations at the company's Danvers, Mass., operations center, will oversee all of eAppraiseIT's internal operations. Mr. Cassidy owned his own appraisal company for more than 20 years. He will oversee more than 10,000 appraisers, promoting professional development and working to ensure appraisal independence and integrity, eAppraiseIT said. The company can be found on the Internet at http://www.eappraiseit.com.
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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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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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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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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.
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