Alan H. Fishman has been named chairman of Meridian Capital Group LLC, a New York-based mortgage brokerage firm, replacing Howard J. Zuckerman, who will become vice chairman.Mr. Fishman was most recently president and chief operating officer of Sovereign Bank, Meridian said. He was previously president and chief executive officer of Independence Community Bank. Meridian Capital can be found on the Web at http://www.meridiancapital.com.
The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
