Patti M. Dodge and Kevin M. Cloyd have been promoted to executive vice presidents of New Century Financial Corp., Irvine, Calif.Ms. Dodge, 43, will be responsible for strategic planning and all financial functions and will continue in her role as senior vice president and chief financial officer of New Century Mortgage Corp. Mr. Cloyd, 33, will be responsible for whole-loan sales, securitizations, warehouse line management, and pipeline and hedging management. He will also continue as president of NC Capital Corp. 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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