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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The filing alleges TWO executives engaged in a "stealth mission" to get the deal canceled, including subverting participation in a March shareholder vote.
August 10 -
Some equity and credit agency researchers have lowered their sights in line with market changes, but their forecasts suggest stability for those that pivot.
August 10 -
The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
August 10 -
The arm of the asset management giant is paying over $100 million for the Cherry Hill business started in part with Freedom Mortgage over a decade ago.
August 10 -
The average down payment across the list was 17.1%, well above 13.1% nationally, and the median credit score was 766, compared with 747 countrywide.
August 10 -
HBT Financial in Bloomington, Illinois, has agreed to acquire Tri-County Financial Group in a deal valued $204.6 million.
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