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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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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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 -
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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