J. Brian King has been named practice manager for the consumer lending and mortgage banking practice of BenchMark Consulting International, Atlanta.Mr. King was most recently a national sales manager at a division of Wolters Kluwer Financial Services. Before that, he served as senior vice president of sales and business development at Info-One/VARDS, a wholly owned subsidiary of Wachovia Corp. Mr. King was previously senior vice president of business development at Wachovia Bank, and director of product development and marketing at Home Equity USA, a division of FleetBoston Financial. BenchMark can be found online at http://www.benchmarkinternational.com.
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Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
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