C.D. Davies has been named chief executive officer of LendingTree LLC, Charlotte, N.C., and Bob Harris has been named president and chief operating officer of the company.Mr. Davies was most recently president and CEO of Wachovia Mortgage Corp., where he was employed for 18 years, according to LendingTree's parent company, IAC. Mr. Harris joined LendingTree in 2000 as vice president of marketing and was named chief marketing officer in 2004. He previously held various positions at The Coca-Cola Co. and McCormick & Co. LendingTree, an online lending exchange, is an operating company of IAC, which describes itself as "an interactive conglomerate." The two companies can be found online at http://www.lendingtree.com and http://www.iac.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
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In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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