Mortgage Network Inc., Danvers, Mass., has announced plans to expand its wholesale operations in North Carolina, South Carolina, Tennessee, Georgia, and Alabama. The company also announced the hiring of mortgage veteran Thomas Palmer as its national wholesale manager. Mr. Palmer was most recently senior vice president and channel executive for correspondent lending at Bank of America Securities. He was previously senior vice president and channel director for correspondent national sales at Washington Mutual/Fleet Mortgage. Mortgage Network said it has opened eight new offices in the past 12 months and increased its staff by over 33%. The company can be found on the Web at http://www.mortgagenetwork.com.
-
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.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
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.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









