The American Securitization Forum will be looking for a new executive director in the wake of current executive director George Miller's decision to resign next month. The ASF said deputy executive director Tom Deutsch will temporarily become acting executive director when Mr. Miller steps down on Dec. 16 and also will be considered as a candidate for the permanent executive director post, among others. Mr. Miller said he is leaving to pursue other interests. He plans to remain connected to the securitization industry, but not in an industry association capacity. The group said it will have a new permanent executive director in place by the time its annual meeting takes place Jan. 31-Feb. 3 next year.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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