Lidio V. Soriano has been named to the newly created position of executive vice president in charge of the retail banking and mortgage divisions of Oriental Financial Group Inc., San Juan, Puerto Rico.Mr. Soriano, 38, was previously head of Citibank's consumer mortgage operations in Puerto Rico. He also held several senior positions at Doral, including president of Doral Money, a New York-based subsidiary of Doral Bank specializing in commercial and construction mortgage. Oriental can be found on the Web at http://www.orientalfg.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 -
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 -
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 -
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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