Mortgage Blog

With year one under his belt, Bank of America's new Nashville chief is looking to make an impact.

Northwestern Mutual said Friday that Greg Oberland, the company's president since 2014, will retire later this summer after 36 years with the company.

Oberland first joined Northwestern Mutual as an attorney in 1982 before moving to the business side. With Oberland's retirement, Tim Gerend, Northwestern Mutual's senior vice president of career distribution, has an expanded role now leading the company's distribution performance and development, field strategy and integration, planning and sales,…

National Bank Holdings Corp. hired Nicole Van Denabeele as its new senior vice president and chief accounting officer.

Van Denabeele spent the past year working as controller at Polsinelli PC in Kansas City. Polsinelli ranks No. 2 on the Top Kansas City Law Firms List, with 240 local attorneys.

Before that she spent eight years at UMB Bank, last working as senior vice president and assistant controller. She also spent six years as an auditor at Deloitte, working her way up to audit manager. She’s…

A new blockchain research center opens this week at Stanford University, funded by the Ethereum Foundation and others involved in the industry.

The new Stanford Center for Blockchain Research is led by Dan Boneh and David Mazières, two computer science professors who have specialties in blockchain and cryptocurrencies.

The news comes on the heels of San Francisco-based Ripple's announcement in June that it is pumping $50 million into the University Blockchain Research Initiative (UBRI), “a collaboration…

One of the largest private employers in Williamson County is cutting dozens of jobs locally as the company shifts its operations.

Jackson National Life Insurance Co. is permanently laying off 64 employees at its Franklin operations, according to a WARN notice filed on June 21 with the Tennessee Department of Labor and Workforce Development. The notice says the layoffs are happening in three rounds with the first occurring on June 15. Additional layoffs are slated for July 6 and Aug. 3.

These operations-related…

Wells Fargo & Co. (NYSE: WFC) announced Friday it will lay off 100 employees at its Fort Mill mortgage office.

The bank says the layoffs are the result of “continuing market changes” and in an effort “to better align with current volumes.”

“The decision to reduce our workforce is made with great concern for our team members. Wells Fargo Home Mortgage is committed to retaining valued team members and, where possible, we will work to identify other opportunities within Wells Fargo,” the bank said…

As rising interest rates have made refinancing of existing mortgages unfeasible, homeowners are increasingly turning to home equity lines of credit (HELOCs) to tap into the values of their properties.

Eric Boughner isn't your typical banker, and he's a vet of Pittsburgh's tech sector.

The Dodd-Frank Wall Street reform legislation of 2010 added a thick layer of regulation onto financial institutions.

Steuben Trust Co. has hired a manager to oversee its first branch in Erie County.

According to a release, Anthony Lanza will be in charge of opening the office at 8503 Main St. in Clarence. Lanza, who lives in Lancaster, was most recently an area retail leader at KeyBank N.A. whose retail sales teams covered several geographies.

Steuben Trust acquired the former First Niagara Bank N.A. branch last year and continues to renovate it, a spokesperson said.

Those renovations may be finished by mid-July,…