First of its kind, a Seattle, WA coalition dedicated to integrating customer advocacy with education for mortgage professionals, reported its "unprecedented agenda" includes campaigns to influence legislative changes, homeownership seminars, advanced training for brokers and cooperation with a television network to expose predatory lenders.American Mortgage Educators Inc. was created by four women: a customer advocate from Washington state, Dr. Lisa Rosenberger, president and CEO; From California, Tawney Warren and mortgage lending veteran Tracey Allen; and from the New York area, Colleen Dwyer. The coalition will organize free seminars for homeowners across the country. Ms. Allen said she will utilize her experience to develop an extensive training program that focuses on all the key elements that contribute to the loan process, to benefit brokers and loan officers. Ms. Warren said she will focus on setting up media alliances and projects, writing new legislation to demand that brokers be educated and licensed in every state, to help make critical changes that will protect customers.
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The Federal Deposit Insurance Corp. issued proposals Thursday that would reduce planning requirements for big banks and slash deposit insurance prices, citing the financial health of the Deposit Insurance Fund.
June 25 -
Christopher Phelan, President Donald Trump's nominee to chair the Council of Economic Advisers, declined to directly answer questions about recent inflation data and the effects of tariffs on consumers during a Senate confirmation hearing Thursday.
June 25 -
Median purchase loan payments hit $2,198 in May, up 2.1% from April, as rising rates and home prices threaten to dampen origination volume, MBA reports.
June 25 -
Experts aren't forecasting immediate relief and instead are citing silver linings in rate certainty and greater mortgage demand as compared to the same time last year.
June 25 -
Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday morning that the central bank recently finalized a new organizational structure for its supervision and regulation division.
June 25 -
Almost 75% of brokers reported growing non-QM volume in their business over the last three years, and just 3.7% said volume decreased, according to AD Mortgage.
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