Robert H. Griffith, senior vice president at Bank of America, Charlotte, N.C., has been elected chairman of the Mortgage Bankers Association's Residential Board of Governors, and Timothy C. Dale, executive vice president of BB&T, Wilson, N.C., has been elected vice chairman.The MBA also elected nine new members of RESBOG, the 57-member governing body for the MBA's residential/single-family members, which is responsible for identifying legislative and regulatory policies on single-family residential lending and for making recommendations to the MBA's board of directors. The announcements were made at the association's 94th Annual Convention & Expo in Boston. The MBA can be found online at http://www.mortgagebankers.org.
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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.
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