Carolyn Poppe has been appointed first vice president and national subprime operations manager at IndyMac Bancorp Inc., Pasadena, Calif.She will lead all operations initiatives, manage the subprime customer account and underwriting managers, and implement policies and procedures for the group, IndyMac said. Ms. Poppe was most recently first vice president and corporate operations manager at Long Beach Mortgage. She has also held senior management positions at J.P. Morgan Chase, Norwest Mortgage/Wells Fargo Bank, and Sutter Mortgage Corp.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25