American Home Bank, Mountville, Pa., has announced the combination of its Northeast and Southeast wholesale units and the promotion of mortgage veteran William J.S. "Bill" Kelley to head the division. The company said it is expanding its whole product offerings and delivery systems at a time when "many major wholesalers are withdrawing from the third-party origination business." Mr. Kelley, whose title will be president of the wholesale division, will be based in Jacksonville, Fla. He previously held positions at Travelers Mortgage Services, Anchor Mortgage Services, Tucker Federal Bank, and FNB Bank. The AHB wholesale division can be found on the Web at http://www.bankahbwholesale.com.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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