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.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
