Nicholas G. Hahn has been hired as chief financial officer of Vertical Lend Inc., a financial services company based in Melville, N.Y., that boasts several mortgage-related units.Mr. Hahn was most recently CFO at DeepGreen Financial, an Internet-based mortgage bank. He was previously an executive vice president at Countrywide Home Loans. David Peskin, Vertical Lend's chief executive officer, said Mr. Hahn will help the company expand its reverse mortgage, remote loan origination, and lead generation programs. The company can be found on the Web at http://www.verticallend.com.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
35m ago -
Nonbank mortgage firm Pennymac said having an in-house system gave it a leg up on implementation, while a vendor also reported progress in its systems testing.
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United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
August 12 -
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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