Citizens Home Loan announces new five-year option ARM

May 09, 2007

IndyMac Bank introduces lot loan refinancingMortgagePress.comLot loan refinancing IndyMac Bank FSB has launched a lot loan refinance program that provides individuals who have an existing lot loan with rate and term refinance alternatives. "IndyMac's new lot loan refinance program is an indication of our determination to continually expand our product offerings and provide mortgage brokers and bankers with a diverse array of loan options that best fit their customers' needs," said Drew Buccino, executive vice president of IndyMac Bank's Home Construction Lending division. "Our primary goal is to make an originator's job as simple as possible and offer them the means to continue growing their loan volume and customer base." IndyMac Bank FSB is a savings and loan and independent mortgage lender based in Pasadena, Calif. For more information, call (800) 425-5626 or visit http://hcl.indymacbank.com.

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May 09, 2007

C-Suite Strategies

Kenny Phillips Succeeds Kevin DeLory As Chief Sales Officer At Equity Prime Mortgage

New CSO has ‘large shoes’ to fill, says EPM’s CEO; Phillips says new role will be an honor, but bittersweet

Atlanta-headquartered independent mortgage lender, Equity Prime Mortgage (EPM), has promoted Kenny Phillips to chief sales officer, filling a void left earlier this year by the passing of Kevin DeLory. "I couldn't be more confident in Kenny Phillips as he steps into the ...

Regulation and Compliance

Fed Holds Rates Steady As Economic Growth Stays Solid

Move comes amid continued pressure, frustration from President Trump

The Federal Reserve Board’s Federal Open Market Committee (FOMC) voted Wednesday to leave the target range for the federal funds rate unchanged at 4.25% to 4.50%, citing solid economic growth and a still-elevated inflation outlook. “Recent indicators suggest that economic...