Kristina K. Williams has been named to succeed Eric J. Marx as chief financial officer of the Federal Home Loan Bank of Pittsburgh.Ms. Williams was most recently the FHLBank's chief accounting officer. She was previously employed by PNC Bank for 12 years, including as CFO of its Corporate and Institutional Banking business segment. Mr. Marx has indicated his intention to resign, but will stay through the end of the quarter, the FHLBank said. The bank also announced the promotion of Robert J. Snyder from financial controls manager to controller. The FHLBank can be found on the Web at http://www.fhlb-pgh.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 -
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.
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