Peter Williams, deputy director general of the Council of Mortgage Lenders, has decided to leave to become an independent consultant after a dozen years of service at the United Kingdom trade group.Mr. Williams plans to leave his current post on Sept. 30 but continue to work with the council in his new capacity. The council said it has no plans to recruit a new deputy director general. Mr. Williams originally joined the council in 1994 when the CML and the Building Securities Association shared a single secretariat and become the deputy director general when the two groups separated in 1997.
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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.
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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.
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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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