Ron Wilsie has been named chief operating officer of Preferred Financial Group Inc., a private mortgage lender based in Burlingame, Calif., and Gary Plooster has been named chief production officer.Mr. Wilsie was most recently president of WestWorks Mortgage in Southern California, which was formed in 1997 as a division of Western Financial Savings Bank, Preferred Financial said. Mr. Plooster was previously executive vice president for national wholesale production and operations at United Financial Mortgage Corp. Preferred Financial said it plans to expends its wholesale mortgage franchise into new geographic markets this year by adding production offices in Arizona, California, Colorado, Florida, Georgia, New Jersey, and Oregon. It can be found on the Web at http://www.preferredmortgage.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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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