George Schwartz, a former managing director for Bank of America, has been named executive vice president and division president of default services at ServiceLink, a unit of Fidelity National Financial, Jacksonville, Fla. Mr. Schwartz will be responsible for such items as loss mitigation, title, closing and escrow, valuations, asset management and disposition. Mr. Schwartz has more than 25 years' experience in the areas of default administration, loss mitigation and mortgage servicing. Prior to his tenure at Bank of America, Mr. Schwartz served as senior vice president, loan administration at Cenlar FSB, director of servicing management at Fannie Mae and EVP of real estate operations at FNRS Financial Corp. For more information about ServiceLink, visit
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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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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