Industry veteran Harry V. Tomlinson III has been named executive vice president and Northeastern regional manager of Metrocities Mortgage, a residential mortgage lender based in Sherman Oaks, Calif.Mr. Tomlinson boasts more than 30 years of experience in the mortgage industry, Metrocities said. He was most recently senior vice president and area manager for Washington Mutual in Langhorne, Pa., after joining PNC Mortgage Corp. of America in 1993 before it was purchased by WaMu. Mr. Tomlinson was previously senior vice president and regional production manager at Sears Mortgage Corp. Metrocities can be found online at http://www.metrocitiesmtg.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24