Patti M. Dodge has been promoted from executive vice president of New Century Financial Corp., Irvine, Calif., and chief financial officer of its subsidiary New Century Mortgage Corp. to CFO of the parent company.Ms. Dodge will succeed Edward F. Gotschall, who has been vice chairman and CFO of New Century Financial since its inception in 1995, the company said. Mr. Gotschall will assume the newly created title of vice chairman of finance and will remain a member of the company's board of directors. Ms. Dodge, who joined New Century in 1996, has 18 years of experience in the financial services industry. New Century can be found online at http://www.ncen.com.
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The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
April 24 -
The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
April 24 -
Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
April 24 -
But in its earnings release, parent company Hilltop Holdings warned its full year 2026 results are going to be impacted by things outside of its control.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
The bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants in North Carolina, according to a study from the Americans for Financial Reform Education Fund.
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