Bob Jakubowicz has been named executive director of retail sales at Oak Street Mortgage LLC, Carmel, Ind., replacing company president Glenn Brunker in that role.Mr. Jakubowicz was most recently senior director of retail sales with Oak Street. The company said he "has a track record of building high-growth sales organizations" with several large financial institutions, such as Bank One, Household International, and First National Bank of Chicago. Oak Street can be found online at http://www.oakstreetmortgage.com.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
2h ago -
GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
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A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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