Rod Colombi has been named executive vice president of corporate development at Option One Mortgage Corp., Irvine, Calif.Mr. Colombi was most recently executive vice president of corporate finance at New Century Financial Corp. He rejoins Option One after serving as the company's vice president and manager of secondary marketing from 1996 to 2001, Option One said. He previously worked for Countrywide Financial Corp. and Bank of America. Option One, a subsidiary of H&R Block Inc., can be found on the Web at http://www.optiononemortgage.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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