Terri A. Lowell has been named executive vice president of human resources at EMC Mortgage Corp., Lewisville, Texas.Ms. Lowell joins EMC from Glazer's Family of Cos. in Dallas, where she was vice president of human resources and development, EMC Mortgage said. Ms. Lowell previously served as director of human resources at Pepsico Inc. in Plano, Texas, and as director of organizational capability and diversity/inclusion for Frito Lay North America. She has also held management positions at eLoyalty Corp. in Lake Forest, Ill.; Goldman, Sachs & Co. in Chicago; and BP Amoco Corp. in Chicago. EMC Mortgage can be found online at http://www.emcmortgage.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.
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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.
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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.
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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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Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
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The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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