Willard B. Soper, a former mortgage industry executive who held top positions with MidCoast Credit Corp., Melville, N.Y., and J.I. Kislak Mortgage, Miami Lakes, Fla., in the mid-1990s, is the new president of Savings Bank of Maine, Gardiner, Maine. Soper is part of an investor group, SBM Financial Inc., that has agreed to recapitalize the thrift; it had been operating under a cease and desist order from the Office of Thrift Supervision because of undercapitalization. The new chairman and chief executive is John W. Everets, the former CEO of GE/HPSC. Among the members of the new board of directors are David J. Ott, former chief banking officer of Banknorth and Richard D. Field, a co-founder of Lending Tree.
-
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.
September 24









