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 massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
3h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
7h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
10h ago -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24