Brian Hurley has been named president of Stewart Title of California, San Diego, a subsidiary of Houston-based Stewart Information Services Corp.Stewart Title of California said Mr. Hurley will take over as president on Jan. 1, succeeding Allan Wasserman, who will continue in his role as group president of Stewart Title Co. and regional manager for Stewart Title Guaranty Co. Mr. Hurley was a founder and is currently president and chief executive officer of InterCity Capital Corp. and InterCity Escrow Services, two Stewart companies specializing in timeshare escrow, title, deed-in-lieu, foreclosure, portfolio management, and development consulting services. The parent company can be found on the Web at http://www.stewart.com.
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The Consumer Financial Protection Bureau has finalized changes to Regulation B, which implements the Equal Credit Opportunity Act, to eliminate any liability for indirect discrimination by lenders. The change represents a major shift in how the agency polices lending discrimination.
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The company will be using a simplified name and a new logo it says shows its unified business model, but its longstanding tagline will stay in place.
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An independent auditor raised "substantial doubt" about the company's viability as it may not be able to extend forbearance deadlines on massive debts.
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The investment property owner says she was stonewalled and humiliated by BofA's loan officers, and that an error-riddled appraisal was short by over $70,000.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
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Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
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