Scott Johnson has assumed the post of executive vice president and national production manager of The New York Mortgage Co. LLC, New York, and will operate from an office in Farmington, Conn.Mr. Johnson was most recently senior vice president of Guaranty Residential Lending Inc., where he was responsible for the company's Northeast/Mid-Atlantic Region. At New York Mortgage, he will manage a $4 billion production platform with approximately 400 loan officers, the company said. New York Mortgage said its recently announced acquisition of 15 branch offices and 26 satellite offices of Guaranty Residential took effect Nov. 15.
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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