Regina Lowrie, outgoing chairman of the Mortgage Bankers Association, has joined The Prieston Group, a Novato, Calif.-based provider of mortgage fraud insurance, as a principal.Ms. Lowrie, a 29-year veteran of the mortgage banking industry, is currently president and chief executive officer of RML Investments Inc., a consulting firm. She was previously the founder and president of Gateway Funding Diversified Mortgage Co., Horsham, Pa. "I believe mortgage fraud against lenders is one of the most troubling issues facing our industry today and that TPG's promotion of industrywide best practices is a key component in addressing this problem," Ms. Lowrie said. TPG, which also provides fraud-related training and loss mitigation, can be found on the Web at http://www.priestongroup.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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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