Katty Chow has been named head of residential mortgage lending at Pacifica Bank, Bellevue, Wash., as part of the bank's effort to enhance its consumer mortgage lending program.Ms. Chow, a senior vice president, said Pacifica has joined forces with locally run mortgage companies that "provide onsite underwriting with Wall Street pricing." John A. Kennedy, president and chief executive officer of Pacifica, said many of the bank's customers are immigrants who are "underserved by the many mortgage companies that have a 'cookie-cutter' approach to mortgage services."
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
10h ago -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
10h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
10h ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
11h ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25