"We are extremely excited to become part of the New Penn family of companies and recognize the immediate value the relationship will bring, beginning with the diverse mix of Agency and Non-Agency products we’ll now be able to offer," said Shelter Mortgage Company CEO Marc McManus.
New Penn Financial entered into the burgeoning non-Qualified Mortgage territory and introduced the Home Buyer Power product. The product appeals to high-end customers who may be paying expensive metro-area rents.
Gabe Medrano just started as the go-to guy for the correspondent lending division at NexBank, and already he is seeing something he doesn't like. In front of him early on a Thursday morning, on his computer monitor, the Dow Jones Industrial Average...
Layton has over 35 years of experience in financial services and as a corporate leader. He worked for nearly 30 years at JPMorgan Chase and its predecessors, starting as a trainee and rising to vice chairman and member of the three-person Office of the Chairman, retiring in 2004..
"The questions become, ‘Do the courts find a distinction between housing policy and lending, as in whether to make a loan and how you price that loan? Does the government get broader discretion than the private sector?’ ” Andreano said. “It’s not fleshed out.” Read More