Zack Boyers has been named chairman and chief executive officer of St. Louis-based U.S. Bancorp Community Development Corp., an investor in affordable housing developments. Mr. Boyers, who has 14 years of tax credit investment and banking experience, will be responsible for providing strategic direction and leadership to USBCDC's community development team. He started his banking career with Mark Twain Bank, now part of U.S. Bank, and later took a position as a specialist on affordable housing and historic tax credits with the organization in 1998. Since 2003, Mr. Boyers has served in a senior management role with the Historic and New Markets Tax Credit Investments product division. USBCDC is a subsidiary of U.S. Bancorp, which can be found on the Web at http://www.usbank.com.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
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The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
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Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
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