Martin J. Levine, co-founder, executive vice president, and chief operating officer of Opteum Financial Services, will retire March 31, according to Opteum Financial's parent company, Opteum Inc., a real estate investment trust based in Vero Beach, Fla.Opteum said Mr. Levine will continue in his EVP role pending his retirement. Mr. Levine co-founded Opteum Financial in 1999 with Peter R. Norden, and he was previously the founder and president of First Builders Financial Corp., which merged with Olde Town Mortgage in 1989 to form First Town Mortgage Corp. Opteum also announced that Robert Filiberto and G. Hunter Haas IV have been appointed co-COOs of Opteum Financial. Mr. Filiberto is senior vice president and chief servicing and technology officer at Opteum Financial, and Mr. Hunter is senior vice president and head of mortgage research at Opteum Inc. Opteum can be found on the Web at http://www.opteum.com.
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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.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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