Zan Hamilton, a former investment banker who joined California lender Platinum Capital Group back in April, parted ways with the company last week, MortgageWire has learned.Mark Moses, Platinum's chief executive, called Mr. Hamilton "a nice guy," but said "we mutually agreed to part ways." Mr. Hamilton, a former Credit Suisse First Boston executive vice president, could not be reached for comment by MW's deadline. He was with the top-100 lender less than five months. Platinum, based in Irvine, Calif., quickly named mortgage industry veteran Pete Levasseur as its new president and chief operating officer. According to Platinum, Mr. Levasseur has 30-plus years' experience in the mortgage industry. During his career, he has worked for ITT Diversified Financial and Amresco. His most recent position was executive vice president of Metrociti Mortgage Corp.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
July 7 -
The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
July 7 -
The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
July 7 -
The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
July 7 -
A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
July 7 -
The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
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