The Huntington Mortgage Co., Columbus, Ohio, has promoted Thomas J. Finnegan III to president and chief executive, replacing R. Frederick Taylor, who has left the company.Mr. Finnegan joined the company in 1996 as senior vice president of residential loan production. Prior to that he was executive vice president of Integra Mortgage Co., Pittsburgh, where he was responsible for all retail, wholesale, and correspondent production functions. Huntington Mortgage, a unit of Huntington Bancshares Inc., has a servicing portfolio of over $8 billion and has closed more than $1.65 million in mortgages so far this year. In the second quarter, Huntington Mortgage ranked 49th in the nation in retail mortgage originations with $513 million, according to the Database Products Group, a MortgageWire affiliate.
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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