Scott C. Harvard, president and chief executive officer of Shore Bank, has been elected chairman of the board of the Federal Home Loan Bank of Atlanta.Mr. Harvard, who is serving his second three-year term on the board, was originally elected by member financial institutions in Virginia. He has served as president and CEO of Shore Bank and its holding company, Shore Financial Corp., Onley, Va., since 1985, the FHLBank said. The Federal Home Loan Bank of Atlanta provides services to financial institutions in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. The FHLBank can be found on the Web at http://www.fhlbatl.com, and Shore Bank can be found at http://www.shorebank.com.
-
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.
September 24









