Joseph A. Pensabene has been named executive vice president and chief servicing officer at Residential Capital LLC, a wholly owned subsidiary of GMAC Financial Services. Mr. Pensabene, who will operate from Fort Washington, Pa., has been with ResCap and its predecessor companies for 12 years. He previously served in various executive positions in corporate finance, servicing, and lending, most recently as a senior vice president and managing director of consumer services operations, the company said. Before joining ResCap, Mr. Pensabene held senior positions at Alliance Bank and Deloitte & Touche LLP.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
8h ago -
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
10h ago -
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
11h ago -
The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
11h ago -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
August 11 -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
August 11









