Richard Ferguson

President

Richard Ferguson is president of CBC Mortgage Agency.

Affordable housing

As coronavirus unfolds, new homeowners need our help more than ever

We need to be doing everything possible to ensure those that needed down payment assistance are able to keep their homes during this crisis and beyond.

By Richard Ferguson

April 15

TRENDING

CFPB

CFPB sues 1st Alliance alleging improper LO licensing

The suit is likely to be watched closely by the broader industry because its outcome may help to define the roles licensed loan officers must play in consumer-direct operations to be compliant.

By Bonnie Sinnock

January 15
Earnings

Mortgages surprisingly resilient in early bank earnings: KBW

While some industry forecasts predicted origination volumes would fall 7% quarter-to-quarter in 4Q, early earnings numbers from Wells Fargo, JPMorgan Chase, Citi and PNC Bank show they were down just 3% when purchased loans are excluded.

By Bonnie Sinnock

January 15
Originations

Fannie and Freddie boost 2021 forecasts due to vaccine distribution

Despite mortgage rates expected to rise modestly in 2021, a bolstered Biden administration stimulus package and COVID-19 vaccination efforts bring promise for economic recovery.

By Paul Centopani

January 15