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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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
8h ago -
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
10h ago -
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
11h ago -
The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
11h ago -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
August 11 -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
August 11









