The Senate Banking Committee has postponed a confirmation hearing for Brian D. Montgomery to be the new Federal Housing Administration commissioner due to a Senate dispute over the filibuster of the president's appellate court nominees.Mr. Montgomery's confirmation was on a fast track when Senate Democrats used a procedural tactic that prevents committees from holding hearings for more than two hours after the Senate is in session. This effectively killed the confirmation hearing for Mr. Montgomery, which was scheduled for Thursday afternoon. A banking committee spokesman said the confirmation hearing will be rescheduled soon. Mr. Montgomery currently works in the White House as a deputy assistant to the president. He was the chief advance man for the Bush-Cheney presidential campaign in 2000.
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The lawsuit is the latest scrutiny over personnel moves this year at the companies under the purview of U.S. Federal Housing Finance Agency Director Bill Pulte.
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The trade group's letter to FHFA Director Bill Pulte pointed out that lenders were facing credit report price hikes for four straight years.
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Hart, who came over from Ellie Mae, starts in the position of Jan. 1, as Tim Bowler moves to a new role within ICE's Fixed Income and Data Services division.
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Michael Hutchins, the two-time interim chief executive at the government-sponsored enterprise, will remain with the company in his role as president.
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New-home purchase activity rose 3.1% year over year, but dropped 7% from October, the Mortgage Bankers Association said.
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Higher unemployment has driven these indications of distress higher but most loans that financial institutions hold in their portfolios are still performing.
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