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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The GSE accused four companies of trademark infringement, alleging they misrepresented to consumers that their products received its endorsement.
October 27 -
Fannie Mae revised its economic and housing outlook for 2025 and 2026, projecting mortgage rates to hit 6.3% and 5.9%, respectively.
October 27 -
Bill Pulte's X post has the industry excited that loan level price adjustments could change, but the impact would not be as beneficial as some think, KBW said.
October 27 -
A previous report on Waterstone Mortgage's Q3 earnings contained inaccurate information. We are correcting the record.
October 27 -
Malloy Evans and Danielle McCoy are moving on as both Williamson and Tom Klein, deputy general counsel, take on their respective responsibilities for now.
October 27 -
The industry analyst also described the significant refinance opportunity should rates decline slightly, and the threshold where home prices soften or firm up.
October 27




