Paul E. Bibb has been named chief executive officer of National City Mortgage, Cleveland, succeeding Leo E. Knight Jr., who will continue as chairman of the company until his retirement at the end of next year.Mr. Bibb is currently executive vice president of National City in charge of retail and direct lending, the company said. Mr. Knight has been chairman and CEO since 2000 and served as president and CEO from 1989 to 2000. National City also announced that Todd A. Householder, EVP of the company's Secondary Marketing Division, will succeed Gregory A. Davis as EVP and head of the Wholesale/Correspondent Lending Group. Mr. Davis will retire in 2005. The company can be found on the Web at http://www.nationalcitymortgage.com.
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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.
9h ago -
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.
June 23 -
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.
June 23







