Gary L. Kermott, president of First American Title Insurance Co., has been named vice chairman of the company and will help oversee the business until a new president is appointed, according to The First American Corp., Santa Ana, Calif.Mr. Kermott has held the position of president of the title insurance company since 1999, and he will retain his post as executive vice president of First American, the parent company. As vice chairman, he will be involved in various strategic activities, including sales efforts aimed at major agents and customers and the strengthening of First American's regulatory relationships, the company said. First American can be found online at http://www.firstam.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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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