Joseph F. Eckroth has been named executive vice president of New Century Financial Corp., a real estate investment trust based in Irvine, Calif., and chief operating officer of its subsidiary, New Century Mortgage Corp.Mr. Eckroth was most recently senior vice president and chief information officer of the parent company. He was previously CIO of Mattel Inc. and two divisions of General Electric Co. New Century said Mr. Eckroth will lead its mortgage subsidiary as it seeks to become one of the industry's lowest-cost producers. The parent company can be found on the Web at http://www.ncen.com.
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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









