Ronald J. Cathcart has been named executive vice president and chief enterprise risk officer of Washington Mutual Inc., Seattle, effective Dec. 1.Mr. Cathcart, 53, joins WaMu from the Canadian Imperial Bank of Commerce, where he served as executive vice president of retail risk management. He has had more than 23 years of experience in risk management policy and governance, WaMu said. Mr. Cathcart replaces the retiring chief enterprise risk officer, James Vanasek, who will remain with the company through the end of the year. WaMu can be found online at http://www.wamu.com.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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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.
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