Alex Shuford has been named regional president of Beaufort County for South Carolina Bank and Trust, Columbia, S.C., and will head the bank's retail and commercial banking and mortgage lending efforts in the county.He will also be responsible for the bank's Information Services and Human Resources divisions. Mr. Shuford has more than 25 years of banking experience, and was president of FirstBank before joining South Carolina Bank and Trust in 1999, the company said. The bank can be found on the Web at http://www.scbandt.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24