Former Mortgage Bankers Association staffer Timothy Doyle has moved to the Conference of State Bank Supervision to work on a new registry and licensing system for mortgage companies, loan officers, and mortgage brokers."Tim's experience with the mortgage industry and his background in government will yield great benefits as CSBS develops its national licensing system for mortgage lenders and regulated financial services professionals," said Neil Milner, president and chief executive officer of the CSBS. Before joining the MBA as a senior director in 2002, Mr. Doyle worked at the Agriculture Department's rural development program and the Federal Housing Administration. The CSBS wants the new licensing database to be up and running in early 2008.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
August 12 -
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
August 12 -
Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
August 12 -
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
August 12 -
Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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