Bobby Tesney, a director of Cavalier Homes Inc., Addison, Ala., has been named interim president and chief executive officer of the company. Mr. Tesney succeeds David Roberson, who voluntarily resigned as president, CEO, and director of Cavalier as of Aug. 15. Barry Mixon, a division president of Cavalier at the time of his retirement on Dec. 31, 2007, has agreed to return to the company as executive vice president, Cavalier said. The company's board of directors will engage in a search for a permanent president and CEO.
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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 -
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









