Simone Lagomarsino has been named chief financial officer and chief administration officer at Metrocities Mortgage LLC, Sherman Oaks, Calif.Ms. Lagomarsino was most recently managing director for diversification, planning, and deployment at Countrywide Bank NA, a subsidiary of Countrywide Financial Corp. She was previously president and chief executive officer of Hawthorne Savings and executive vice president and CFO at First Plus Bank, Metrocities said. Ms. Lagomarsino also held senior-level positions with Imperial Financial Group, Ventura County National Bank, Prudential Securities, Premier Bank, and City National Bank. Metrocities Mortgage can be found on the Web at http://www.metrocitiesmtg.com.
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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 -
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.
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 -
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.
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