Robert N. Pruett has been named executive vice president and outsourcing relationship manager at EMC Mortgage Corp., Irving, Texas.Mr. Pruett was most recently vice president of international initiatives, business process outsourcing, and global mortgage origination services at Ocwen Financial Corp. Before that, he was managing director at RP Consulting in Scottsdale, Ariz., executive vice president and chief operating officer of Commac Inc. in Phoenix, and president/chief executive officer/chief financial officer of Matrix Financial Services in Phoenix. In related news, EMC also announced the appointment of Charles E. "Rick" Russell as senior vice president and chief litigation counsel. Mr. Russell was formerly deputy general counsel for regulatory and compliance matters for American General Finance Inc. and senior vice president in charge of litigation for Associates Financial Services Co.
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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.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
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 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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