Carla Gallas has been promoted to senior vice president of claims at Mortgage Guaranty Insurance Corp., the Milwaukee-based primary subsidiary of MGIC Investment Corp. MGIC said Ms. Gallas will be responsible for the company's loss mitigation efforts as well as maximizing its efficiency in claim operations. Ms. Gallas has been with MGIC for 24 years and has held various positions in sales and underwriting, most recently as vice president of field operations.
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.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
