GMAC-ResCap associate counsel Julianne Linder has been elected to a new term as co-chair of the American Securitization Forum's residential mortgage-backed securities issuer subforum. Ms. Linder's term expires mid-year 2009. The other co-chair of the RMBS issuer subforum is Bill Felts, CitiMortgage senior vice president, director of mortgage finance. Mr. Felts is serving a term that ends mid-year 2008.
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
