Glenn Brunker has been named president of Oak Street Mortgage LLC, a mortgage lender based in Carmel, Ind.Mr. Brunker was most recently executive director of marketing and retail sales of the company. He previously held executive positions at Household International, Bank One, and Boatmen's Bank. Steve Alonso, chairman and chief executive officer of Oak Street, said Mr. Brunker's assumption of the company's day-to-day operations "will allow me to more fully focus on driving strategy while identifying further growth and diversification opportunities." The company can be found on the Web at http://www.oakstreetmortgage.com.
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Underserved markets advocates also want to keep the 30-year mortgage and do more to expand rural and manufactured housing while preserving low cost homes.
1h ago -
As fulfillment spills into sales operations and artificial intelligence takes over more originator duties, executives emphasize maintaining a human in the loop.
2h ago -
New research from National Mortgage News finds that nonbank mortgage firms are leading the pack of tech adopters, outpacing many financial institutions.
7h ago -
Market watchers expect the Federal Open Market Committee to announce a 25 basis point rate cut today, but are also watching for signals of more cuts to come and how many members push for a larger 50 basis point cut.
7h ago -
Consumers are 19% more likely to pay their auto loans than their mortgages, which is a shift in attitude from the pandemic period, FICO said.
September 16 -
The transaction combines independent mortgage companies which are based in Strongsville, Ohio (East Coast) and Folsom, California (West Coast).
September 16