The president and chief executive of Republic Mortgage Insurance Co., Christopher S. Nard, will become president and chief operating officer of parent company Old Republic International Corp., Chicago. He will keep his current titles at RMIC as well as add the title of chairman. William Simpson, RMIC's most recent chairman, and Jimmy Dew, who was vice chairman, will continue as consultants to ORI's senior management and remain on the boards of ORI and RMIC. Ronald W. Buck will become chief administrative officer at the mortgage insurance subsidiary. In addition, Mark A. Bilbrey was appointed president of Old Republic's title companies. Rande K. Yeager will remain as chairman and chief executive. Being added to the title insurance segment's office of the chief executive are Cheryl A. Jones, executive vice president - human resources and communications, and Charles J. Kovaleski, executive vice president of Old Republic National Title Insurance Co. and president of the Attorneys Title division. This is part of a realignment of reporting responsibilities at ORI, said its chairman and CEO Aldo Zucaro. Most of the changes go into effect on July 1, 2010, he added, although he was unable to supply further specifics.
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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 -
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 -
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 -
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.
September 24









