Steve Khoshabe has been named president and chief executive officer of United Financial Mortgage Co., Oak Brook, Ill., and Matt Kauffman has been promoted to chief financial officer.Mr. Khoshabe succeeds Joseph Khoshabe as president and CEO, and the latter will maintain his title as chairman of the board of directors, the company said. Mr. Kauffman was formerly controller of United Financial. The company can be found online at http://www.ufmc.com.
A new class action lawsuit accuses the banking giant of failing to lower borrowers' interest rates following a series of Federal Reserve rate cuts.
The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
