Former Freddie Mac executive Pete Maselli has joined Lender Processing Services Inc., Jacksonville, Fla., as senior vice president of strategy and business development. In his new role Mr. Maselli will provide strategic counsel at key enterprise-level executive client meetings and represent LPS with the government-sponsored enterprises, the Department of Housing and Urban Development, the Office of the Comptroller of the Currency, the Mortgage Bankers Association and other governmental partners. He is based in Washington and prior to joining LPS, spent more than 15 years at Freddie Mac, where he led numerous strategic initiatives, including the Loan Prospector automated underwriting business. He also recently held key marketing and strategic planning positions at Overture Technologies and LandAmerica Financial Group.
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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 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









