David L. Adams has been named executive vice president of Pacific Coast National Bank, San Clemente, Calif., and will head its Real Estate Industries Group.The group will offer acquisition, redevelopment, construction, and permanent financing for a variety of property types, the bank said. Mr. Adams was most recently income property group manager at the former Vineyard Bank in Irvine, Calif. Pacific Coast National Bank can be found on the Web at http://www.pacificcoastnationalbank.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
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In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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