David C. Schneider has been named president of the Home Loans Division of Seattle-based Washington Mutual Inc.WaMu said Mr. Schneider, 39, will take the reins of the division from the company's chief operating officer, Steve Rotella, who has served as acting head of the operation since March. Mr. Schneider was previously president and COO of CitiMortgage Inc., St. Louis, which he joined in 2001. Before that, he was executive vice president of retail banking for Old Kent Financial Corp. and chief financial officer of Old Kent Mortgage. WaMu can be found online at http://www.wamu.com.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
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A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
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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.
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As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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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.
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