Jerry Earnest has been promoted to executive vice president of GMAC Commercial Mortgage Corp., Horsham, Pa., where he will head the newly formed Specialty Lending Group.In that capacity, Mr. Earnest will oversee the company's Healthcare Financing Group, Hospitality Industry Division, and the Golf Finance Group, and he will directly manage the latter two units, the company said. Before joining GMACCM, Mr. Earnest was a principal of Lexington Mortgage Co., which was acquired by GMACCM in March 1996. The company can be found online at http://www.gmaccm.com.
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A new class action lawsuit accuses the banking giant of failing to lower borrowers' interest rates following a series of Federal Reserve rate cuts.
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The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
July 8 -
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
July 8 -
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
July 8 -
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
July 8 -
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
July 8









