Troy Gotschall has been named president and chief executive officer of Encore Credit Corp., a taxable subsidiary of ECC Capital Corp., an Irvine, Calif.-based real estate investment trust that originates and invests in residential mortgage loans.Mr. Gotschall was most recently president of Long Beach Mortgage Co., a subsidiary of Washington Mutual that specializes in nonconforming loans. He joined Long Beach Mortgage as a branch manager in 1990. Encore Credit can be found on the Web at http://www.encorecredit.com.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
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A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
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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.
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.
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