Saxon Capital Inc., Glen Allen, Va., has announced that Bradley D. Adams and Mark D. Rogers are no longer employed by Saxon, a residential mortgage lender that operates as a real estate investment trust.Mr. Adams, formerly the REIT's executive vice president for capital markets, "has separated from service" with Saxon, while Mr. Rogers, formerly senior vice president and corporate strategies director, has resigned, according to the REIT. Saxon did not disclose the reasons for the departure of the executives. The company can be found on the Web at http://www.saxoncapitalinc.com.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
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A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
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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.
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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.
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