John V. Britti has been named vice president of community lending at Freddie Mac.Mr. Britti will manage all of Community Lending's sales efforts and customer relationships, as well as the sales force and organization, the government-sponsored enterprise said. He will report to Dave Stevens, Freddie Mac's senior vice president of single-family lending. Mr. Britti was most recently vice president of adjacent lending operations and mortgages at Capital One Financial Corp., where he re-launched the company's mortgage business and led operations for its Direct Bank, installment lending, and new business integration, the GSE said. Mr. Britti previously held positions with several companies, and he worked at Freddie Mac from 1994 to 1998 as a vice president of pricing and structured transactions.
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While the actual registration process has been going smoothly, there's some confusion among nonbanks over the timing and what needs to be included.
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The top five banks had a combined servicing volume of more than $25 billion at the end of the third quarter.
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Metros with more jobs for every new home permitted ranked highly on the list, while average home prices were a smaller factor.
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Bayview Asset Management and three affiliates settled multistate allegations that their handling of a 2021 data breach failed to meet certain standards.
January 8 -
The financial data firm Intercontinental Exchange is buying the firm that runs the Ameribor interest rate benchmark, which some community and regional banks back as a LIBOR alternative.
January 8 -
Two trade groups filed a lawsuit against the Consumer Financial Protection Bureau claiming it exceeded its authority and ignored the legislative history on medical debts.
January 8