Martin R. Melone and Keith P. Russell have been appointed independent directors on the board of Countrywide Financial Corp., Calabasas, Calif.Mr. Melone is a recently retired partner of Ernst & Young with nearly 40 years of experience in public accounting and auditing methodology, Countrywide said. Mr. Russell is a retired chairman of Mellon West and a retired vice-chairman of Mellon Financial Corp. who brings more than 20 years of experience in banking. Countrywide said the appointments bring the company's board to 13 members, of which 11 are independent directors.
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Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
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The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
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The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
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A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
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