Jim Park, a former executive at Freddie Mac, has been named chief operating officer of the Asian Real Estate Association of America, San Diego.Mr. Park, a partner at Prado Mortgage, served as the vice president of industry relations and housing outreach at Freddie Mac before joining AREAA. At Freddie Mac, he worked with key housing finance industry trades, capital markets organizations, and community and housing-related organizations. Mr. Park previously held a senior political position at the Department of Housing and Urban Development, where he oversaw HUD's efforts to overhaul single-family and multifamily programs, AREAA said.
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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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









