Carlos Evans has been named head of wholesale banking at Wachovia Corp., Charlotte, N.C., for various business segments, including real estate financial services.Mr. Evans assumes responsibility for Wachovia's Wholesale Bank after five years as head of the company's commercial banking segment and more than 30 years of experience in wholesale banking, Wachovia said. In addition to real estate financial services, he will lead Wachovia's commercial, business, and community banking segments and its dealer business. The company can be found online at http://www.wachovia.com.
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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.
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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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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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