Washington Mutual Consumer Group has promoted a regional vice president to the position of senior vice president of retail lending in the Southwest United States region and Hawaii.The former regional VP, Lenny McNeill, will be responsible for directing and managing more than 50 retail home loan centers, with a combined employee base of about 700 employees, loan consultants and account executives in California, Arizona, New Mexico, Nevada, Colorado, Utah and Hawaii in his new role. Washington Mutual can be found online at http://www.wamu.com.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28