Now that bankrupt LandAmerica Financial Group Inc., Richmond, Va., has disposed of its title underwriting units, its chairman and chief executive, Theodore L. Chandler Jr., will leave the company on Jan. 15. The company said he leaves on good terms. The title units were 85% of LandAmerica's revenues. LandAmerica is now focusing on disposing of its remaining businesses. To handle that task, the chief restructuring officer, Jonathan Mitchell, will lead the company. Melissa Hill, most recently president of LandAmerica's residential services channel, has been promoted to executive vice president of operations.
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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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