Department of Housing and Urban Development general counsel Keith Gottfried has resigned, and he left the department Nov. 3 after serving one year as HUD's chief legal officer.It is a "loss" for lenders and real estate settlement providers who supported his efforts to provide guidance on Real Estate Settlement Procedures Act issues, according to RESPA attorney Phillip Schulman. "The fact that he won't be there to carry out that mission is a loss for participants," he said. Mr. Schulman is a partner with Kirkpatrick & Lockhart Nicholson Graham LLP in Washington. Mr. Gottfried's departure is also expected to delay HUD's RESPA reform effort to revise and improve the good-faith estimate that lenders disclose to mortgage applicants. In a letter to his HUD colleagues, Mr. Gottfried said he is "proud" to have laid the "framework for enhancing regulatory transparency and compliance assistance at HUD." Prior to joining HUD, Mr. Gottfried was general counsel at Borland Software, Scotts Valley, Calif. In the 1990s, he was an attorney with Skadden Arps in New York.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
July 11 -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
July 11 -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
July 11 -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11