Michael N. Loukas has been named executive vice president of the securities division at Thompson National Properties LLC, Irvine, Calif. Mr. Loukas was previously regional vice president at Security Benefit Group. He previously held various positions with Maya Capital Advisors LLC, the Kelmoore Investment Co., and CIBC Oppenheimer. Thompson National provides value-added real estate investment opportunities and asset management to high-net-worth investors.
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.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
