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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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24