U.S. Bancorp's president and chief operating officer has officially stepped up to the post of chief executive officer.The new CEO, Richard K. Davis, succeeds Jerry A. Grundhofer in the post as part of a pre-existing succession plan. Mr. Davis will retain his title of president and Mr. Grundhofer will remain with U.S. Bancorp as chairman of the board. The two men have worked together since 1993.
The two major government-related mortgage buyers' clarifications on real estate commissions take a path similar to that of the Federal Housing Administration.
While newly constructed home mortgage applications rose both on a monthly and annual basis, the gains were slower than typical.
Sens. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn., detailed how New York Community Bank grew to exceed the $100 billion threshold that triggers tougher bank requirements and set the bank on a path to market turmoil via a series of deals that were approved, in part, by the Office of the Comptroller of the Currency.
The mortgage lender is requesting for a former VP of Mortgage Lending to pay back over $500,000.
The Supreme Court ruling on tax foreclosures could improve servicer recoveries but it's also giving some jurisdictions pause as they look at how to interpret it.
The former Realtor says a lack of teamwork between real estate agents and lenders in today's climate could compromise buyers and sellers.
