Daniel P. Sussman has been named executive vice president and chief operating officer of People's Choice Financial Corp., an Irvine, Calif.-based residential mortgage lender organized as a real estate investment trust.Before joining People's Choice, Mr. Sussman was senior executive vice president at New Century Mortgage Corp., where he formerly held the title of EVP and COO, People's Choice reported. He previously held senior management posts at EDMC, Western Financial Savings Bank, The CIT Group, and Novus Financial. Mr. Sussman also served as president and chief executive officer of City First Mortgage Corp. People's Choice also announced the promotion of Brad S. Plantiko to executive vice president of finance and strategic planning. People's Choice Home Loan Inc., a wholly owned subsidiary of the REIT, can be found on the Web at http://www.pchl.com.
-
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
1h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
2h ago -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
2h ago -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
5h ago -
The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
6h ago -
The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
10h ago