Michael Forster has been named to the newly created position of chief financial officer at NeighborWorks America, a nonprofit community development and training organization based in Washington, D.C.Mr. Forster, who brings over 20 years of experience in accounting and management, was most recently vice president of finance and administration at the National Ready Mixed Concrete Association. He was previously a consultant to the District of Columbia government. Ken Wade, chief executive officer of NeighborWorks, said the CFO post was created because community development "is growing increasingly complex, with participants ranging from very small nonprofit organizations to global financial institutions headquartered on Wall Street."
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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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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