Financial services attorney Thomas Vartanian and two of his long-time colleagues at Fried Frank LLP, Washington, have joined the law firm of Dechert LLC. Vartanian, who has been handing out regulatory advice for four decades, will chair Dechert's Financial Institutions Transaction Group. Attorneys David Ansell and Robert Ansell also made the jump to Dechert, an international law firm with offices in the U.S., Europe and Asia. "Tom, David and Bob enjoy high-industry profiles, and together they form one of the premier bank regulatory practices in the United States," said Dechert chairman Barton Winokur.
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SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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The bank's marketing, which hid the nature of its solicitations, led some borrowers to apply for cash-out refis that increased monthly payments, the OCC said.
April 16 -
While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024's level.
April 16 -
Three-quarters of buyers assume AI has already been embedded in the housing ecosystem, but 55% would prefer to work with a human to secure a mortgage.
April 16 -
Federal Reserve Gov. Stephen Miran Thursday said that the Iran war and tariffs will not have long-term impacts on inflation, but did say he is reconsidering his rate cut outlook for the year.
April 16 -
This week's Freddie Mac mortgage rate survey shows rates at the lowest in four weeks, but homebuyers are giving mixed signals even with improved purchase power.
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