Michael D. Meyer has been named executive vice president for the new Texas operations of Homefield Financial, a mortgage banker based in Irvine, Calif.Mr. Meyer will oversee the firm's expansion into the Texas market, from which it will primarily serve Homefield's customers in the Central and Eastern United States, the company said. Homefield said it will open its Irving, Texas, loan center in April with 20 employees and expand it to 150-200 employees over the next 18 months. Before joining Homefield, Mr. Meyer served as president of Fort Worth, Texas-based Touchstone Communications, an offshore business process outsourcing company serving major U.S. mortgage companies. He was previously a senior vice president with Associates First Capital Corp. in Dallas, and he also worked with NovaStar and Oak Street Mortgage.
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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 -
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 -
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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