LION Inc., Seattle, has announced key management changes in two of its mortgage-related businesses.Kristi Angell has been hired to run Mortgage 101, LION's lead generation business, and Sern Clementson has been promoted to president of Tuttle Risk Management Services, a LION subsidiary that provides mortgage pipeline risk management services. Mr. Clementson will also head up LION's capital markets business segment. The company can be found on the Web at http://www.lioninc.com.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
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GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
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A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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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 -
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








