Alina Garcia has been named chief operating officer of the retail lending division of Wachovia Mortgage Corp., Charlotte, N.C., and David Overcast has been named chief administrative officer of the division.Ms. Garcia has held various executive posts with Wachovia and Countrywide Home Loans, and in nearly 18 years of mortgage industry experience has been responsible for loan origination, affordable housing, strategic planning, and other activities, the company said. Mr. Overcast was most recently the operational risk executive for Bank of America's mortgage division. He has worked in the financial services industry for 16 years, during which he has managed incentive compensation plans, operational risk reporting and mitigation, and other operations, according to Wachovia. Wachovia Mortgage can be found on the Web at http://www.wachovia.com.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
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The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
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The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
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Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




