Gary C. Dunton, chairman and chief executive officer of MBIA Inc., a bond insurer that has been wrestling with mortgage-related woes, has resigned and been replaced by former executive chairman Joseph "Jay" Brown. Mr. Brown had been executive chairman of the Armonk, N.Y.-based company until his retirement in May of last year and previously served as chairman/CEO between January 1999 and May 2004. MBIA can be found online at http://www.mbia.com.
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.