Gregory S. Tornquist, president of Cenlar FSB, has been named to the additional position of chief executive officer of the savings bank, which specializes in subservicing mortgages and home equity lines of credit. Mr. Tornquist, who is also president of Cenlar Capital Corp., joined Cenlar in 1987. He became chief financial officer in 1998, executive vice president in 2004, and president in 2006, the company said.
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.
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.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
