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First National Bank Of Pennsylvania Settles Redlining Case For $13.5M

Accused of redlining by regulators, First National Bank of Pennsylvania (FNB) has agreed to settle the case for $13.5 million, the Department of Justice (DOJ) and the State of North Carolina announced Monday.   FNB was involved in the case as a successor in interest of Yadkin Bank, which it acquired in 2017. The complaint alleges that, from 2017 through

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OneTrust 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 expressed his enthusiasm

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Mortgage Rates Surpass 7% For The First Time Since December

The 30-year fixed mortgage rate surpassed the 7% mark on Monday on the heels of strong economic data and the Federal Reserve signaling that it will move carefully with any future cuts to interest rates. The 30-year conforming fixed mortgage rate was at 7.04% on Mortgage News Daily and 6.91%

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