The mortgage insurance division of Genworth Financial has created three new senior management positions, filling the posts with current executives. Jacqui Pearce was named senior vice president and chief operations officer with Rohit Gupta being named senior vice president and chief commercial officer. Jim Bennison was named senior vice president of strategy and capital markets. Mr. Bennison will work on issues dealing with Fannie Mae and Freddie Mac.
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.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
