John V. Britti has been named vice president of community lending at Freddie Mac.Mr. Britti will manage all of Community Lending's sales efforts and customer relationships, as well as the sales force and organization, the government-sponsored enterprise said. He will report to Dave Stevens, Freddie Mac's senior vice president of single-family lending. Mr. Britti was most recently vice president of adjacent lending operations and mortgages at Capital One Financial Corp., where he re-launched the company's mortgage business and led operations for its Direct Bank, installment lending, and new business integration, the GSE said. Mr. Britti previously held positions with several companies, and he worked at Freddie Mac from 1994 to 1998 as a vice president of pricing and structured transactions.
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Lenders may not be able to fully respond to the broader government-sponsored enterprises' rollout of VantageScore 4.0 yet but there is one thing they can do now.
September 11 -
Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.
September 11 -
The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
September 11 -
The consumer price index rose 0.4% last month, in line with July's reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
September 11 -
Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
September 11 -
The current transaction has the largest collateral pool that the platform has issued all year, with 294 loans, and it has the highest percentage of conforming loans, at 45.1%.
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