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.
-
Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
2h ago -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
3h ago -
William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
3h ago -
The longtime Federal Reserve chair served under four presidents and presided over the deregulatory and pro-market push of the 1990s and early 2000s that set the stage for the 2008 mortgage crisis.
7h ago -
Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.
11h ago -
AI is leaving its marks in a wave of recent pro se litigation with fabricated citations and debunked arguments found throughout lawsuits, attorneys say.
11h ago









