Taylor, Bean & Whitaker Mortgage Corp., a privately held wholesale mortgage lender based in Ocala, Fla., has announced the formation of a nationwide correspondent lending group.Doug Miller, who formerly served as manager of correspondent programs at Washington Mutual, Citicorp, and HSBC, has been named executive vice president of the new division. TB&W can be found on the Web at http://www.taylorbean.com.
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.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
