Ron Stroble has been named senior vice president and manager of the mortgage division at Umpqua Bank, Roseburg, Ore.Mr. Stroble was most recently vice president and regional manager at Chase Manhattan Mortgage Corp. in Lake Oswego, Ore., where he headed the residential mortgage lending operation, Umpqua said. He previously held positions with Mellon Bank, US Bank, and WestOne Bank.
Private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in May.
Artificial intelligence is fueling litigation risks, from consumer lawsuits against servicers, to more repurchase requests, and vulnerabilities through vendors.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.