Mike Taylor has been named manager of the loan servicing department at MILA Inc., a wholesale lender based in Mountlake Terrace, Wash., and Douglas E. Schwed has been named MILA's general counsel.Mr. Taylor was formerly vice president of loan servicing at Citigroup, and has more than 30 years of experience in the mortgage industry, MILA said. Mr. Schwed has more than 20 years' industry-related experience as a lawyer. The company can be found online at http://www.mila.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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