Mark Hughes has been named president of the Bohan Group, a San Francisco-based provider of risk analysis for the mortgage industry.Mr. Hughes, who will retain his title of chief operating officer, has been an executive vice president of Bohan for four years. Before joining the company, Mr. Hughes spent 12 years in the mortgage department of Solomon Smith Barney (now Citigroup). Bohan provides due diligence, and it recently expanded its services to include regulatory compliance reviews and software as well as a Southern California mortgage fulfillment center. Paul Bohan, the company's chairman and chief executive officer, said Mr. Hughes "will be key in the expansion of our fulfillment center in Southern California, as well as forging new partnerships with other service providers." The company can be found online at http://www.bohangroup.com.
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Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Economic uncertainty and higher rates in May contributed to the second decline in applications for new homes on an annual basis, reversing March gains
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