Erik Anderson has been appointed president of Merit Financial, a mortgage and real estate company based in Kirkland, Wash.A past president of the Seattle Mortgage Bankers Association, Mr. Anderson joined Merit in January as vice president of mortgage banking. Since then, Merit has doubled its lending volume, the company said. Merit was founded three years ago and has grown more than 400% since that time, according to the company. Mr. Anderson's appointment will allow Scott Greenlaw, the company's founder and chief executive officer, to concentrate on strategic planning and relationship building, Merit said.
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The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
April 24 -
The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
April 24 -
Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
April 24 -
But in its earnings release, parent company Hilltop Holdings warned its full year 2026 results are going to be impacted by things outside of its control.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
The bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants in North Carolina, according to a study from the Americans for Financial Reform Education Fund.
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