Larry E. Moretti has been named executive vice president and chief administrative officer of ECC Capital Corp., a mortgage finance company based in Irvine, Calif.Mr. Moretti was most recently chief information officer and senior vice president of New Century Mortgage Corp., where he also served as chief administrative officer in 2001 and 2002, ECC Capital said. Steve Holder, ECC Capital's chairman and co-chief executive officer, said Mr. Moretti's appointment "represents ECC Capital's commitment to technology innovations that we believe will put us at the cutting edge of nonconforming lending."
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
2h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
2h ago -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
4h ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
5h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18