Senate Banking Committee chairman Christopher Dodd, D- Conn., has been diagnosed with prostate cancer and he will have an operation during August when the Senate is not in session. Sen. Dodd said the cancer was discovered in an early state and his "prognosis is excellent." After the Senate adjourns, "I am going to have surgery. After a brief recuperation at home, I'll be back at work," Sen. Dodd said. The Connecticut senator is running for re-election next year. Sen. Dodd also is a key player in the Obama Administration's efforts to restructure regulation of the financial system and reform health care.
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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 -
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









