Mortgage lender TCF Financial Corp., Wayzata, Minn., says William Cooper will be returning to the company as its chief executive officer. Mr. Cooper holds the chairman title, but he had been the lender's CEO from 1985 to 2005. He will continue as chairman of the board, in addition to filling the new CEO position. Current CEO Lynn Nagorske is retiring. He had succeeded Mr. Cooper as CEO in 2006. According to one analyst, Mr. Cooper made it clear that no one had been asked to leave. As at many financial institutions, the stock price at TCF has been hit hard during the nation's mortgage crisis. The company can be found online at http://www.tcfbank.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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