Frederick Cannon, an equity researcher in the mortgage sector, has been promoted to the newly created positions of associate director of research and chief equity strategist of Keefe, Bruyette & Woods Inc. Mr. Cannon, 51, joined KBW in 2003, providing equity research on banks and thrifts specializing in the mortgage sector. He was previously executive vice president and director of investor relations at Golden State Bancorp and its subsidiary, California Federal Bank.
The ex-worker who was terminated for unprofessional conduct has allegedly disparaged the brokerage and is refusing to return loan files and leads.
A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.