Digital Mortgage Direct Page

Philip Jefferson was the Biden administration's pick for the Fed's number two position following the departure of Lael Brainard earlier this year. Two more Fed nominees are expected to get confirmation votes this week.

Purchase-loan activity dropped again to its most subdued level in close to three decades, while refinances saw their smallest numbers in eight months, according to the Mortgage Bankers Association.

Ben Houghton is vice president of engineering at IRIS Software Group.

J.R. Clark is the SVP of health plan product and strategy with Paytient, a company which helps people access and afford care.

Grant Hannah is the head of public policy at Bluevine.

Cannabis banking, the Durbin-Marshall credit card bill and executive compensation legislation could be on the agenda this fall, but banking regulators' Basel III endgame proposal has made bipartisan compromise more complicated.

The Federal Reserve has now offloaded about $1 trillion of its bond holdings since it began working down its bloated balance sheet last year, with no sign of the kinds of strains in financial markets that spooked policymakers the last time they oversaw such a program.

Interoperability does remain a potential issue, not just between the lenders and the merged technology companies, but with other vendors who do business with them as well.

Vinay Nair is the founder and CEO of TIFIN, a fintech platform that drives personalization for wealth using AI and investment intelligence and which operates a collection of fully owned subsidiaries in wealth and investments.

Previously, he was the founder of 55ip, which was sold to J.P. Morgan.

The Department of Justice is recommending a sentence of 12 months behind bars for Carrie Tolstedt, a former Wells executive who has pleaded guilty to obstructing a bank examination. That's harsher than the recommendation of the U.S. Probation Office.