R.J. Arnett has been named to the new position of executive vice president and national wholesale prime production manager of MortgageIT Inc.Mr. Arnett was most recently senior vice president and co-manager of the Western region of MIT Lending, MortgageIT's wholesale lending division. His new responsibilities were formerly held by Gary Bierfriend, who was recently elevated to president of MortgageIT. Before joining MIT Lending, Mr. Arnett spent nine years with Countrywide, departing as executive vice president of its wholesale division.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
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Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
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Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
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The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
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The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
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