David Pope has been named president of Wachovia Mortgage and Retail Credit, according to Wachovia Corp., Charlotte, N.C. Mr. Pope will be responsible for leading the daily sales, fulfillment, retention, service, and operational aspects of the mortgage and retail credit businesses, the company said. A 20-year veteran of Wachovia, he was most recently head of Wachovia's Business Banking Group. Wachovia can be found on the Web at http://www.wachovia.com.
House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
