Jack Kemp, who was secretary of housing and urban development in the George H.W. Bush administration, is becoming a spokesman for Generation Mortgage Co., an Atlanta reverse mortgage specialist. "A strong advocate of the housing industry, Jack is a natural fit for us as he was deeply enmeshed in affordable housing issues, housing finance, and home ownership when he served as U.S. housing secretary from 1989-1993," said Jeffrey Lewis, chairman of Generation Mortgage. Mr. Kemp ran for vice president in 1996, was a member of the House of Representatives from 1971 to 1989, and prior to that played quarterback for a number of National Football League and American Football League teams, most notably the Buffalo Bills.
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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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









