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.
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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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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.
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