Taj S. Bindra has been named executive vice president and chief financial officer of New Century Financial Corp., a real estate investment trust and mortgage finance company based in Irvine, Calif.Mr. Bindra will assume the EVP post on Nov. 6 and the CFO position on Nov. 15, New Century said. He will replace Patti M. Dodge, who is scheduled to take over as executive vice president of investor relations on Nov. 15. Mr. Bindra was most recently executive vice president of mortgage banking, capital markets, and servicing operations at Washington Mutual Inc. New Century can be found online 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 -
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 -
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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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