Jason Oelrich, formerly chief financial officer of Liberty Financial Group, a mortgage bank based in Bellevue, Wash., has been promoted to president and managing director of the company.As president, Mr. Oelrich will succeed Barry Horn, who will remain chairman and chief executive officer and concentrate on new business development initiatives. Before joining Liberty Financial, Mr. Oelrich founded and served as president of Virtual CFO Solutions, a provider of business process outsourcing systems. He was previously a partner with MW Capital, a venture capital firm that works with early and mid-stage technology companies. Liberty Financial can be found online at http://www.lfgloan.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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