Karen A. Bayz has been named executive vice president and chief accounting officer at Metrocities Mortgage LLC, Sherman Oaks, Calif.Ms. Bayz was most recently senior vice president and controller with WMC Mortgage, a subsidiary of GE Consumer Finance. Her previous experience includes a stint as a consultant with Deloitte Touche Resources Connection, where she served as interim controller with a large mortgage company, and seven years with PricewaterhouseCoopers, Metrocities said. Metrocities can be found on the Web at http://www.metrocitiesmtg.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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