Mortgage industry veteran Arlene Hyde has been named director of the Home Loans Wholesale Channel of Washington Mutual Inc., Seattle, as part of a realignment of the company's home loan distribution channels.The realignment is aimed at integrating sales and operations into a single-channel structure for retail, wholesale, correspondent, and consumer direct, WaMu said. Before joining WaMu, Ms. Hyde was managing director of real estate servicing at St. Louis-based CitiMortgage, where she held key positions such as executive vice president of correspondent lending, wholesale lending, and national operations and senior vice president of retail operations. Before joining CitiMortgage, Ms. Hyde was head of national operations for Knutson Mortgage Corp. WaMu can be found online at http://www.wamunewsroom.com.
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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.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
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.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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