Blenn A. Fujimoto will now work full time as president and chief executive of Central Pacific HomeLoans Inc., the mortgage banking unit of Central Pacific Bank, Honolulu. He resigned the positions of vice chairman of parent company Central Pacific Financial Corp., and vice chairman, Hawaii market at Central Pacific Bank; those jobs have been eliminated as the company moves to a leaner management structure. Fujimoto was responsible for establishing CPHL in August 2005. In 2009, the company had origination volume of $1.9 billion in Hawaii.
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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 -
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 -
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









