Union Bank of California originated $4.5 billion in mortgages in 2008, a 70% increase from the prior year. "Not to blow our horn but we refrained from all the lending excesses of the past," said Craig Cole, senior vice president of residential lending at the San Diego based bank. Mr. Cole said that Union's mortgage group has hired about 20 people over the past year. "Mostly in the underwriting area to accommodate the volume and growth," he said.
Gold Star Mortgage hasn't said whether it suffered a data breach after cybercriminals claim to have compromised over 10,000 documents from the lender.
The guidance reflects a mortgage servicing rights market that has broadly included the customer value in refinancing for over a decade, experts say.
With little action towards privatization this year, the timeline in 2027 is also narrowing as the focus shifts to the 2028 election, Bose George said.
A federal judge ruled that the Trump administration's attempt last year to halt funding for the Consumer Financial Protection Bureau was unlawful and unconstitutional. Two other judges have issued similar decisions.
New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
