Randall L. Raup has been named president of HSBC Mortgage Corp. and executive vice president of HSBC Bank USA, Prospect Heights, Ill., pending approval by the bank's board of directors.HSBC said Mr. Raup was previously senior vice president and chief financial officer of HSBC Mortgage, which he joined in August 2004 after 20 years at Household Finance. (In December, Household Finance was merged into Household International Inc., which has changed its name to HSBC Finance Corp.) HSBC-North America, which encompasses all of HSBC's U.S. and Canadian businesses, can be found online at http://www.hsbcusa.com.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
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Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
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Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
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The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
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The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
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