Michelle Crecca has been named executive vice president of consumer lending at Webster Financial Corp., Waterbury, Conn., which cited her experience in home equity lending.Ms. Crecca was most recently a managing director in Retail Business for Citi Home Equity. She was previously a vice president and channel director for Smith Barney's Home Equity Cross Sell Program, Webster reported. Webster Financial, the holding company for Webster Bank, can be found on the Web at http://www.websteronline.com.
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The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
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March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
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First Mortgage Co., a long-defunct lender led by convicted executive Ron McCord, blamed the advisory firm for his failure to accept a $20 million offer.
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About two-thirds of respondents to a NewDay survey said their education about the benefit was lacking either during their time in the service or afterwards.
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Banks are pushing back on the Consumer Financial Protection Bureau's draft of a five-year strategic plan, which includes a notable pullback from supervising nonbanks.
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Over half of all second-home inventory in the U.S. is concentrated in just eight states, with Florida leading the pack, according to analysis by NAHB.
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