Nigel Drummond has been named executive vice president for operations of Home Capital Inc., an Atlanta-based mortgage lender.Mr. Drummond was most recently senior vice president of operations with responsibility for building processes and procedures, as well as staffing the processing, underwriting, and closing departments, Home Capital said. He is currently focused on increasing the staff at the company's Atlanta headquarters and its new Phoenix Operations Center. Before joining Home Capital, Mr. Drummond served as vice president of operations at U.S. Bank. In other personnel news, Home Capital announced the hiring of Mike Cozzocrea as senior vice president of secondary marketing. Mr. Cozzocrea was most recently senior vice president of secondary marketing/operations at Homeowners Loan Corp., Atlanta. The company can be found online at http://www.homecapitalinc.com.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
10h ago -
Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
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More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
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Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
April 21 -
The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
April 21 -
March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
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