Ahead of its first hearing this week, the Financial Crisis Inquiry Commission has named Thomas Greene its executive director. Mr. Greene moves to the commission, which is charged with investigating the cause of the financial crisis, after 25 years in the California Attorney General's Office. He was most recently the chief assistant attorney general of the public rights division and has worked on the antitrust case against Microsoft Corp. "Tom has the skills and experience needed to help the commission conduct the full, fair inquiry into the financial meltdown that the American people deserve," Phil Angelides, the commission's chairman, said in a statement.
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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 -
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 -
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 -
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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