Freddie Mac has officially named Raymond G. Romano as the company's chief credit officer, responsible for enterprise-wide credit risk management activities. Mr. Romano has served as senior vice president of credit risk oversight since he joined the company in 2004. In September 2008, Mr. Romano also assumed the role as acting chief credit officer while the company conducted a nationwide search for the position. Prior to joining Freddie Mac, Mr. Romano served as senior vice president and chief credit officer and in other executive positions at different financial institutions including North American Mortgage Company, Dime Savings Bank of NY, and with Citicorp's Investment Bank.
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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









