Nectar Kalajian has been named executive vice president for the West Coast region of Power Express Mortgage Bankers, a direct lender of jumbo home loans headquartered in Lake Success, N.Y.A 30-year veteran of the industry, Ms. Kalajian will be based at Power Express's Pasadena, Calif. office, the company said. She was most recently president of the retail division of Ownit Mortgage Solutions Inc., a California-based home lender that was partly owned by Merrill Lynch & Co. before it dissolved in late 2006. Before that, Ms. Kalajian was the founder and owner of Security Pacific Home Loans, a California-based direct lender that was acquired by Ownit. She previously held various executive posts at Countrywide Home Loans, rising to executive vice president.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
8m ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
35m ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18