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 servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
August 12 -
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
August 12 -
Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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