Tommy Orr has been named chief operating officer of Network Funding LP, a Houston-based wholesale mortgage lender.Mr. Orr has been head of branch development and support for Network Funding since joining the company in 2004. Before that, Mr. Orr served as senior vice president for Harbor Financial Mortgage Corp., America's Lending Center Inc., and FundAmerica Mortgage LLP, and he owned his own mortgage company, Texas United Mortgage, from 2001 to 2004. He is a past director of the Texas Mortgage Bankers Association. Network Funding can be found online at http://www.networkfundingusa.com.
-
The Consumer Financial Protection Bureau has finalized changes to Regulation B, which implements the Equal Credit Opportunity Act, to eliminate any liability for indirect discrimination by lenders. The change represents a major shift in how the agency polices lending discrimination.
1h ago -
The company will be using a simplified name and a new logo it says shows its unified business model, but its longstanding tagline will stay in place.
2h ago -
The investment property owner says she was stonewalled and humiliated by BofA's loan officers, and that an error-riddled appraisal was short by over $70,000.
6h ago -
An independent auditor raised "substantial doubt" about the company's viability as it may not be able to extend forbearance deadlines on massive debts.
6h ago -
The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
April 21 -
Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
April 21








