Mortgage Wire

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Mortgage Managers: Promotions, Appointments & New Posts.
April 1, 2004 ... NEW YORK Joseph R. Ficalora - Francine Justa Joseph R. Ficalora, president and CEO of New York Community Bancorp Inc., Westbury, N.Y., and Francine Justa, the executive director of Neighborhood Housing Services of New York City,...

Countrywide: $400 Bil in '03.
April 1, 2004 ... Countrywide Financial Corp. became the first originator ever to produce more than $400 billion in annual home loan volume, according to data released by the company last month. Countrywide announced that it produced $435 billion of home...

Originations Boost Earnings at BoA.
April 1, 2004 ... Bank of America earned a record $10.8 billion last year - a 17% increase from a year earlier - with a boost from strong mortgage origination volumes. Consumer and commercial banking accounted for $7.52 billion of Bank of America's net...

Exec: Offshore Processing Saves 25%.
April 1, 2004 ... Taking some of your mortgage processes offshore to India could reduce your costs by 25% on those processes, according to David Rogers, chief technology officer for GreenPoint Mortgage, in Novato Calif. Mr. Rogers made his comments at...

MBA Partners with Blackboard for Online Training.
April 1, 2004 ... The Mortgage Bankers Association has teamed up with Blackboard Inc., Washington, to offer Web-based training designed for midsize and large financial institutions. The Financial Services Training Package, or FSTP, combines more than...