A second former Republican presidential candidate has become a spokesman for a reverse mortgage originator. Former Sen. Fred Thompson, who represented Tennessee from 1994 through 2003, and who ran for the Republican nomination for president in 2008, is the new spokesman for American Advisors Group, Irvine, Calif. Thompson is also well known for his acting, with roles in a number of movies and most notably playing Manhattan District Attorney Arthur Branch in the NBC television series "Law & Order." He is also an attorney and radio show host. Among other politicians who have become reverse mortgage company spokesmen is Jack Kemp, who was secretary for Housing and Urban Development in the George H.W. Bush administration. Kemp became a spokesman in 2008 for Generation Mortgage Co., Atlanta. A former pro football player, Kemp sought the Republican nomination for president in 1988 and was the vice presidential candidate in 1996.
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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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









