Joseph Falk, a past president of the National Association of Mortgage Brokers and its current legislative chair, has been named to the Consumer Advisory Council of the Federal Reserve Board.The council, which meets three times a year in Washington, D.C., advises the Fed on important policy issues related to consumer financial services. Mr. Falk will serve a three-year term on the council. He is a consultant with the law firm Akerman Senterfitt, where he serves as an expert on lending, brokering, insurance, and other business issues. Mr. Falk is one of 10 new members who were added to the Consumer Advisory Council.
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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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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