Phil Dandridge has been named chief financial officer of Secured Funding, a Costa Mesa, Calif.-based retail and wholesale lender specializing in second mortgages.Mr. Dandridge has more than 20 years of experience in the financial industry, the last seven of them as CFO of Edison Capital, Secured Funding said. He plans to expand Secured Funding's sources of capital to ensure that it has the resources needed for continued growth, the company said. Secured Funding can be found online at http://www.securedfunding.com.
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The company that the global firm is investing in owns a U.S. mortgage correspondent business and another domestic lender that does business with brokers.
31m ago -
The Consumer Financial Protection Bureau has finalized changes to Regulation B, which implements the Equal Credit Opportunity Act, to eliminate any liability for indirect discrimination by lenders. The change represents a major shift in how the agency polices lending discrimination.
2h ago -
The company will be using a simplified name and a new logo it says shows its unified business model, but its longstanding tagline will stay in place.
4h ago -
The investment property owner says she was stonewalled and humiliated by BofA's loan officers, and that an error-riddled appraisal was short by over $70,000.
7h ago -
An independent auditor raised "substantial doubt" about the company's viability as it may not be able to extend forbearance deadlines on massive debts.
7h ago -
The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
April 21







