Paul G. George has been named executive vice president for human resources at Freddie Mac, effective as of the week of Aug. 22.Mr. George was most recently senior executive vice president of human resources at Wachovia Corp. for six years. He was previously a member of Waste Management Inc.'s interim management team while the company merged with a competitor, and he worked for 10 years as senior vice president of human resources at United Airlines.
New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
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.
A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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.
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.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
