The Federal Home Loan Bank of Cincinnati has announced the election of Robert T. Bennett, an attorney and certified public accountant, as chairman of its board of directors.The board also elected Jerry Taylor, president and chief executive officer of The Farmers Bank, Portland, Tenn., as vice chairman. In addition, B. Proctor Caudill Jr., chairman, president, and CEO of Peoples Bank, Morehead, Ky., was elected to the board, and the following members were re-elected: Charles "Bud" John Koch, chairman, president, and CEO of Charter One Bank, Cleveland; and Charles Beach Jr., chairman of Peoples Exchange Bank, Beattyville, Ky. The FHLBank can be found on the Web at http://www.fhlbcin.com.
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Private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in May.
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Artificial intelligence is fueling litigation risks, from consumer lawsuits against servicers, to more repurchase requests, and vulnerabilities through vendors.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2









