New Century Financial Corp., Irvine, Calif., has announced the promotion of two senior executives in connection with "integration efforts" for company ventures.Daniel P. Sussman was named senior executive vice president of New Century Mortgage Corp., and he will oversee all "strategic implementation" projects, starting with the expected integration of certain business assets being acquired from RBC Mortgage Co., New Century said. Mr. Sussman has over 20 years of experience in the financial services and mortgage banking industries, most recently as executive vice president and chief operating officer of New Century Mortgage. The other promotion went to Robin C. Auerbach, who was named senior vice president and COO of New Century Mortgage and will assume many of Mr. Sussman's previous duties. Ms. Auerbach has 21 years of experience in the mortgage industry, most recently as senior vice president of NC Capital Corp., a subsidiary of New Century Mortgage. New Century can be found online at http://www.ncen.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25