Robert M. Dunn has been named president of Oxford Funding Corp., a Houston-based asset resolution company specializing in the purchase and restructuring of subprime residential and commercial mortgage portfolios.Mr. Dunn was most recently the owner and manager of San Felipe Commercial Mortgage, which Oxford Funding recently announced its intention to acquire. He was previously president of Angelina Capital Corp., a mortgage lender, from 1992 to 1998. Oxford has also announced that it plans to acquire Huntington Financial Corp., a Houston-based commercial and residential mortgage broker. Oxford Funding can be found on the Web at http://www.oxfordfunding.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.
September 24









