Victor L. Pepe has been named executive vice president and chief information officer of EMC Mortgage Corp., a Lewisville, Texas-based company specializing in the acquisition, servicing, and disposition of residential mortgage loans.Mr. Pepe has held CIO and chief technology officer positions for the past nine years, most recently with Lehman Brothers, where he was CIO and executive vice president of Aurora Loan Services, a Lehman Brothers subsidiary. He was previously CIO and EVP of SIB Mortgage Corp. EMC, a wholly owned subsidiary of The Bear Stearns Cos., can be found on the Web at http://www.emcmortgage.com.
-
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
6h ago -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
6h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
6h ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
7h ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
10h ago -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
10h ago