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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The ex-worker who was terminated for unprofessional conduct has allegedly disparaged the brokerage and is refusing to return loan files and leads.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
August 11 -
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
August 11 -
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
August 11 -
The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
August 11 -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
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