Caliber Funding, LLC, a wholesale and retail mortgage lender, announced Monday that it would appoint Brian Simon its chief executive officer. Caliber Funding has an excellent strategic position within the mortgage lending industry, and I am very excited to join the company, Simon said in the release.
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Short-term mortgages are getting a boost in the form of collaboration between myCUmortgage.com and CU Structured Finance LLC. The companies have teamed up to develop a line of credit funded by credit unions.
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As expected, Allstate has filed against Citigroup and Deutsche Bank AG Allstate is suing over accusations that the banks covered up risks on more than $385 million in mortgage securities purchased by the insurance company.
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