With his career spanning more than three decades, Ally Financial has announced that industry veteran Douglas Timmerman, President of Dealer Financial Services, will be appointed as the company's interim CEO on February 1, following the departure of sitting CEO Jeffrey J. Brown.
Read More »Industry Mourns David H. Stevens, Former FHA Commissioner
The Mortgage Bankers Association (MBA) has announced the unexpected passing of former President and CEO David H. Stevens, CMB. Bob Broeksmit, MBA sitting President and CEO said the industry veteran "is remembered as a great mentor, boss, and friend."
Read More »Fidelity National Financial Appoints Ray Marine, Don Dubois to Western Ops Co-presidents
"We are extremely fortunate to have such a strong legacy of leadership within our companies and exceptional individuals that we can call upon to lead our title operations for years to come," said Mike Nolan, CEO of Fidelity National Financial.
Read More »Which Banking CEO Came Out on Top?
Both Citigroup and Bank of America recently released the 2016 earnings for their CEOs—with one receiving a compensation cut, while the other saw a boost thanks to a profitable year.
Read More »Caliber Home Loans Appoints New CEO
Caliber Home Loans, Inc., a full-service national mortgage lender and servicer, announced that Sanjiv Das has been appointed CEO of the company.
Read More »Altisource Residential CEO Stepping Down
Altisource Residential Corporation recently announced in a press release that Ashish Pandey has decided to step down as CEO of the company, effective June 30, 2015. Pandey stated that he will purse personal interests in India following his departure from Altisource.
Read More »Bank of America CEO Took Pay Cut in 2014
Moynihan was awarded $13 million in stock and cash last year, according to the bank’s proxy statement released Thursday. That was down from the $14 million he received in 2013. And again, the head of the firm’s investment bank, Thomas K. Montag, was paid more than his boss. Montag was awarded $14 million in compensation, down from $15.5 million in 2013.
Read More »MGIC Hires Patrick Sinks as CEO
Sinks has served as President and COO since January 2006. Previously, Sinks served as EVP ¬of Field Operations from 2002. Sinks has also served as SVP of Controller and Chief Accounting Officer, and before that held a variety of positions within the accounting and finance Departments. Sinks earned his MBA from the University of Wisconsin – Milwaukee, and holds a Bachelor of Science degree in accounting from the University of Mary.
Read More »