Ralph P. Melbourne has been named senior vice president of the Consumer Direct Division of Home123 Corp., a retail lending subsidiary of New Century Financial Corp., a real estate investment trust based in Irvine, Calif.Mr. Melbourne has nearly 25 years of experience in the mortgage industry, most recently as director of strategic initiatives for Washington Mutual Inc. He was previously director of retail lending at WaMu, and spent 13 years at Citibank in various senior management roles, New Century said. The company can be found online at http://www.ncen.com.
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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 -
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 -
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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