NetMore America, Walla Walla, Wash., has hired John Cassell as senior vice president of retail production, a newly created position. In his new role, Mr. Cassell is responsible with managing and growing NetMore's Professional Branch System, which it currently has 18 of and that are generating approximately 40% of production. Most recently, he was vice president, division operations manager, wholesale mortgage channel at Wells Fargo & Co. Previously, he worked for Central Pacific Mortgage Co. For the 12-month period ended on Sept. 30, 2009, NetMore's production exceeded $1 billion.
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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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









