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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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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









