William C. Apgar, former commissioner of the Federal Housing Administration, has been named to the advisory board of AMCO, a Cleveland-based appraisal management company.Mr. Apgar is currently senior scholar at the Joint Center for Housing Studies at Harvard University. "For many years, there were simply no good methods to create accurate and compliant lending while still maintaining profitability and savings for the public," Mr. Apgar said. He decided to join AMCO's advisory board "to facilitate the development and distribution of products and services that create absolute compliance, accuracy, and profitability," he said. AMCO recently announced the appointment to the advisory board of Andrew M. Cuomo, a former secretary of the Department of Housing and Urban Development.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
4h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
4h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
5h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
7h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25