Michael Edwards, group executive vice president and treasurer of Citizens Bank of Rhode Island and Citizens Financial Group Inc., has been elected to the board of directors of the Federal Home Loan Bank of Boston.Mr. Edwards was elected to a three-year directorship that had been redesignated by the Federal Housing Finance Board from Connecticut to Rhode Island effective Jan. 1, 2007. The Finance Board redesignated one of the two Connecticut seats, creating a second Rhode Island seat, in response to an increase in proportionate shareholdings of the bank's Rhode Island members, the FHLBank said. The bank can be found on the Web at http://www.fhlbboston.com.
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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 -
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 -
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 -
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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