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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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 -
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









