Teji Singh and Melinda Napoli have been named executive vice presidents at EMC Mortgage Corp., Lewisville, Texas. Ms. Singh will concentrate on the development of EMC's proprietary servicing default system and will be based out of the company's office in Irvine, Calif., EMC said. She has more than 17 years of mortgage and financial industry experience and previously served as EVP and chief loan administration officer for ResMae Mortgage Corp. and senior vice president and chief servicing officer at Option One Mortgage Corp. Ms. Napoli, also based in Irvine, will focus on re-engineering the operation of EMC's real estate owned department, the company said. Ms. Napoli previously served as SVP of continuous improvement at ResMae and held various posts with Option One, First Union Bank, and Associates Financial Services. EMC also appointed Katherine "KC" Reynolds vice president in the company's Customer Relations Division. The company can be found online at http://www.emcmortgage.com.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
August 11 -
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
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The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
August 11 -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
August 11 -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
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