John Parsley has been named senior vice president of strategic business development at PMI Mortgage Insurance Inc., Walnut Creek, Calif., and Pete Pannes has been named to take his place as SVP of field sales and national accounts.Mr. Parsley joined PMI in 1983, and has also served as the company's vice president of sales for the Central/Western United States, national account director for the East, and area sales director for the Northeast Region, the company said. Mr. Pannes joined the company in 1990 as an account representative. He was part of the PMI management team that formed CMG Mortgage Insurance Co. in 1994, a joint venture with CUNA Mutual. He held several positions with CMG from 1994 to 2001, at which time he joined CUNA Mutual as senior vice president and general manager of CMG. Mr. Pannes rejoined PMI in 2004. PMI can be found on the Web at http://www.pmigroup.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









