The Senate Banking Committee has rescheduled a confirmation hearing for Brian D. Montgomery for May 25.President Bush has nominated Mr. Montgomery to be the new Federal Housing Administration commissioner. The committee will also consider the confirmation of Federal Reserve Board governor Ben Bernanke to be a member of the president's Council of Economic Advisers. A previously scheduled hearing was postponed after a Senate dispute over the filibuster of the president's appellate court nominees prevented the committee from meeting. A decisive vote in that dispute is expected on May 24. Mr. Montgomery currently works in the White House as a deputy assistant to the president.
-
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 -
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









