Robert H. Griffith, senior vice president at Bank of America, Charlotte, N.C., has been elected chairman of the Mortgage Bankers Association's Residential Board of Governors, and Timothy C. Dale, executive vice president of BB&T, Wilson, N.C., has been elected vice chairman.The MBA also elected nine new members of RESBOG, the 57-member governing body for the MBA's residential/single-family members, which is responsible for identifying legislative and regulatory policies on single-family residential lending and for making recommendations to the MBA's board of directors. The announcements were made at the association's 94th Annual Convention & Expo in Boston. The MBA can be found online at http://www.mortgagebankers.org.
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The consumer price index ticked up last month, bolstering arguments about broad based inflation and raising the odds of a rate hike next month.
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The banking regulator is in early discussions with trade groups to build an organization for certifying tech providers that pass voluntary due diligence checks.
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The ex-worker who was terminated for unprofessional conduct has allegedly disparaged the brokerage and is refusing to return loan files and leads.
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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.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
August 11 -
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.
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