New York City Housing Authority employees charged in sweeping bribery and extortion case

The U.S. Attorney for the Southern District of New York (SDNY) announced individual charges Tuesday in a sweeping case that involves kickbacks and bribes from the New York City Housing Authority (NYCHA), charging 70 current and former NYCHA employees with bribery and extortion.The investigation invo
Read MoreBanks report tightened lending standards for nearly all residential mortgages: Fed survey

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment.There’s some optimism, however. With the central bank expected to cut interest rates this year, banks reported th
Read MoreInsellerate unveils a new user interface

Insellerate, a customer relationship management (CRM) provider that serves banks, credit unions and other lenders, has rehauled its user interface (UI) to make it more user-friendly and efficient.To redesign the interface, the company collected feedback from more than 250 loan officers, demonstrati
Read MoreOneTrust Home Loans hires former Newrez executive as CEO

Dallas-based OneTrust Home Loans brought on James Hecht as its CEO to spearhead the company’s various mortgage lending divisions. As a result, co-founders Josh Erskine and Shane Erskine will be pivoting to the roles of CEO and president at Warp Speed Holdings, respectively. In a statement, Hecht exp
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