David Van Ess, an attorney experienced in mortgage-related litigation, has been named executive vice president of national operations at the LOGS Network, a Northbrook, Ill.-based network of attorneys, trustees, title personnel, and collection staff that represent lenders.Mr. Van Ess was previously Florida operations manager for Codilis & Stawiarski PA, where he managed foreclosure, bankruptcy, title, eviction, and real-estate-owned closing services, the network said. He was also LOGS attorney liaison for Fleet Mortgage, and he helped resolve litigation involving the Real Estate Settlement Procedures Act and the Truth in Lending Act. LOGS can be found on the Web at http://www.logs.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.
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