Frank V. McMahon has been named vice chairman and chief financial officer of The First American Corp.Mr. McMahon, currently a managing director with Lehman Brothers Holdings, will join First American on March 31. He will be responsible for First American's financial reporting division, capital markets activities, investor relations, and will oversee the operations of First American Trust and First Security Thrift, the company said. In addition, he is slated to work with other senior management on strategic planning and merger and acquisition activities.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
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Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
April 21 -
More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
April 21 -
Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
April 21 -
The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
April 21 -
March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
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