Irwin Financial Corp., Columbus, Ind., the holding company for Irwin Union Bank and Trust Co., has announced the appointment of Jocelyn Martin-Leano as president of Irwin Home Equity Corp., a subsidiary of the bank.Ms. Martin-Leano, 45, has been employed by Irwin Home Equity since shortly after its founding in 1996 and has held leadership positions in both servicing and operations, Irwin Financial said. She was promoted to executive vice president of operations in 2005 and was named interim president later that year upon the retirement of Irwin Home Equity's president, Elena Delgado, the company said. Ms. Martin-Leano was previously employed in the mortgage divisions of ITT Residential Capital Corp., Bank of America, and Citibank. Irwin Home Equity can be found online at http://www.ihe.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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