Paul E. Bibb has been named chief executive officer of National City Mortgage, Cleveland, succeeding Leo E. Knight Jr., who will continue as chairman of the company until his retirement at the end of next year.Mr. Bibb is currently executive vice president of National City in charge of retail and direct lending, the company said. Mr. Knight has been chairman and CEO since 2000 and served as president and CEO from 1989 to 2000. National City also announced that Todd A. Householder, EVP of the company's Secondary Marketing Division, will succeed Gregory A. Davis as EVP and head of the Wholesale/Correspondent Lending Group. Mr. Davis will retire in 2005. The company can be found on the Web at http://www.nationalcitymortgage.com.
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The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
April 24 -
The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
April 24 -
Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
April 24 -
But in its earnings release, parent company Hilltop Holdings warned its full year 2026 results are going to be impacted by things outside of its control.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
The bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants in North Carolina, according to a study from the Americans for Financial Reform Education Fund.
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