Patrick Sinks has been named president and chief operating officer of MGIC Investment Corp., the Milwaukee-based mortgage insurer. Curt Culver will remain as chairman and chief executive officer. MGIC said Mr. Sinks was most recently executive vice president of field operations at MGIC's principal subsidiary, Mortgage Guaranty Insurance Corp. He was previously senior vice president and chief accounting officer. Mr. Sinks has been with the company since 1978, when he joined a subsidiary, MGIC said. The company can be found online at http://www.mgic.com.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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