Financing

Foreclosure.com

The U.S. mortgage banking subsidiary of The Toronto-Dominion Bank has hired a seasoned executive with nearly three decades in financial services to run the unit.A news release Wednesday from TD Bank indicated that Rick Bechtel has been appointed executive vice president, head of U.S. mortgage banking.Bechtel, who joined the [...]
Thu, Jan 11, 2018
Source: Financing
Alternatives to the current long-term process of paying down a mortgage include one proposed by a pair of economists at the Federal Reserve Board.Fed economists Wayne Passmore and Alexander H. von Haften discussed their alternative approach in a working paper titled Financing Affordable and Sustainable Homeownership With Fixed-COFI Mortgages.Their central [...]
Thu, Jan 11, 2018
Source: Financing
The latest rankings of best employers are in, and five mortgage organizations made the cut. Also among firms recognized was a compliance service provider and a trade group.PrimeLending said it made the 2017 Best Workplaces for Diversity and Best Workplaces for Parents lists from Fortune and Great Place to Work.Dallas-based [...]
Wed, Jan 10, 2018
Source: Financing
Freddie Mac has agreed to settle with a woman who was deceived by a fraudulent landlord on a real-estate-owned asset owned by the secondary lender.A man who identified himself as Tim Jacobs of Experience Management falsely claimed that he was the landlord of a Milwaukee property owned by Freddie.He took [...]
Wed, Jan 10, 2018
Source: Financing
Despite a tumble in first-mortgage production at California's credit unions, outstandings grew. Home-equity production and outstandings, however, jumped.As of Sept. 30, there were 318 credit unions that maintained their headquarters in California. The group served more than 11.4 million members.Golden State credit unions originated $8.8 billion in first mortgages during [...]
Wed, Jan 10, 2018
Source: Financing