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.
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The RMBS notes benefit from geographic diversity and credit enhancement.
8h ago -
A Consumer Financial Protection Bureau "waives any alleged noncompliance" by the mortgage company while continuing to dole out redress to borrowers.
8h ago -
Refinance apps made up more than 40% of all mortgage applications last week, driving an uptick as consumers seek out cheaper mortgage payments.
11h ago -
The chairman and regulator of Fannie Mae and Freddie Mac pointed to Jermone Powell's recent testimony about renovations to the Federal Reserve's headquarters.
11h ago -
It's a rare theft of trade secrets complaint by the industry leader, which stayed out of the spate of litigation between competitors during the refinance boom.
July 2 -
Navy Federal Credit Union will not pay a $15 million fine or $80 million in restitution to service members who were illegally charged surprise overdraft fees when their accounts had sufficient funds.
July 2