The Mortgage Bankers Association has promoted Francis Creighton to be the trade group's chief lobbyist. He replaces Erick Gustafson, who is leaving the MBA to head the government relations department of a multinational company. The new vice president and chief lobbyist will be responsible for leading the federal and state legislative activities of the association, according to MBA senior vice president Steve O'Connor. "His background and leadership skills are an ideal fit for managing the day-to-day responsibilities of our legislative and political teams," Mr. O'Connor said. On Capitol Hill, Mr. Creighton previously worked for Rep. Steve Israel, D-N.Y., and the late Sen. Daniel Patrick Moynihan, D-N.Y.
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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.
6h ago -
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
7h ago -
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.
8h ago -
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.
9h ago -
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.
9h ago -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
10h ago









