Michael A. Benoit has been named executive vice president and chief legal officer of Mavent Inc., an Irvine, Calif.-based provider of automated compliance systems for the financial services industry.The company said Mr. Benoit will lead its contract management efforts and assist in the management of the Mavent Legal Network, a group of more than 40 law firms that assist Mavent in maintaining and interpreting regulatory law. Mr. Benoit formerly worked for Hudson Cook LLP, a financial services law firm based in Linthicum, Md., where he assisted banks, credit unions, mortgage bankers, and others in developing consumer finance programs. Mavent can be found online at http://www.mavent.com.
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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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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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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.
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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 -
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.
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