Rodney M. Colombi has been promoted to executive vice president of corporate finance for New Century Mortgage Corp., Irvine, Calif., and David N. Kenneally has been promoted to senior vice president and controller.Mr. Colombi joined the company in 2002 and was most recently senior vice president of corporate development. He served previously as SVP at Countrywide Financial Corp. and held senior finance posts at H&R Block/Option One Mortgage Corp., Bank of America Consumer Lending and Trust Services, and Household, New Century said. Mr. Kenneally joined New Century in 2003 and was most recently vice president and controller. He was previously SVP and chief financial officer at Consumer Portfolio Services Inc. and held senior financial positions at LoanGenie.com and Fidelity National Financial. New Century can be found online at http://www.ncen.com.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
March 27