The Better Mortgage Bureau, Baltimore, has changed its name to the Consumer Mortgage Bureau.The bureau said the name change is aimed at making people aware that it is a consumer-driven organization. "We intend to make it crystal clear to the public who we are, what we stand for, and what we do, so there will be no confusion whatsoever," said Lance Cassell, managing director of the bureau. "We see an industry that is losing its consumers' trust, and we intend to revive it." The group said consumers can be assured that its members are licensed, trained, and will adhere to the Consumer Mortgage Bureau code of ethics. The bureau can be found online at http://www.consumermortgagebureau.org.
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
June 22 -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
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The longtime Federal Reserve chair served under four presidents and presided over the deregulatory and pro-market push of the 1990s and early 2000s that set the stage for the 2008 mortgage crisis.
June 22 -
Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.
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