Donna "Sissie" Childress has been named president of Community Resource Mortgage Inc., Orangeburg, S.C., a subsidiary of Community Bankshares Inc.Ms. Childress was most recently executive vice president and manager of loan operations at the mortgage company. She replaces Wade Douroux, who recently left the company to pursue "other opportunities," Community Bankshares said. Ms. Childress established an independent mortgage company in 1992 and launched two other mortgage businesses, Community Bankshares said. The company can be found on the Web at http://www.communitybanksharesinc.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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