ComplianceEase, San Francisco, has promoted its executive vice president, David Girling, to the position of president and chief executive officer.The compliance and risk management automation company's co-founder and former CEO, John Vong, will remain as chairman of the board, while another co-founder, Anita Kwan, will become chief operating officer and retain responsibility for finance, business operations, and administration. In his new position, Mr. Girling will be charged with expanding the company's already extensive roster of partnerships with loan origination systems and loan document providers as well as with Wall Street firms and other mortgage market participants. He brings over 20 years of experience in the financial services industry, including leadership positions with Shearson Lehman Mortgage, GE Capital Mortgage Corp., and PricewaterhouseCoopers. ComplianceEase can be found on the Web at http://www.complianceease.com.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
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Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
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The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
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Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
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The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
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