GMAC Mortgage, Horsham, Pa., has announced the recent appointment of two chief operating officers and a chief financial officer.Ralph Hall has been named chief operating officer for business operations, and will oversee GMAC Bank, business lending, capital markets, and information technology, the company said. Jim Hillman has been named COO for consumer operations, overseeing consumer lending, national loan administration, and servicing assets. The new CFO is Dave Bricker. GMAC Mortgage also announced the appointment of Jim Whitlinger as senior vice president and chief accounting officer, and Scott Griffith as vice president and managing director of servicing valuation and analytics. The company can be found online at http://www.gmacmortgage.com.
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Lenders and condo market stakeholders are raising concerns that new GSE rules ending limited reviews and tightening reserve requirements could raise costs and limit access.
March 25 -
Stakeholders rely on detailed, easy-to-read reports. From including cited data to using a structured format, learn how to simplify the lending reports process.
March 25 -
The national delinquency rate ticked up seven basis points to 3.72% last month, coupled with a 10-basis-point increase in prepayment speed, according to ICE.
March 25 -
The title policy and settlement statement datasets introduce digital standards that will allow the information on forms to move as data instead of documents.
March 25 -
What was once a bipartisan and broadly popular housing bill has been weighed down with a pair of provisions that banks can't support. Even with those headwinds, the bill is more likely than not to pass, but not without drawn-out negotiations between the House and Senate.
March 25 -
Federal Reserve Gov. Michael Barr said in a speech Tuesday afternoon that he wants to see a durable and reliable reduction in consumer price inflation before he considers cutting the central bank's interest rates.
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