David Motley, president of Colonial Savings, F.A. and chairman-elect of the Mortgage Bankers Association, spoke with Dodd Frank Update about how the storm has affected his company, particularly Colonial’s two offices based in the Houston area.
Motley said the company has ceased certain operations until the issues resulting from the storm are mitigated, and implemented standard disaster recovery protocols provided by agencies such as the Federal Emergency Management Agency.
Keep up with how this storm is impacting the financial industry.