The Mortgage Bankers Association has named Catherine Cruz Wojtasik associate vice president of legislative affairs. Among other duties, Ms. Wojtasik will focus her efforts on commercial mortgage issues as they affect MBA's members. She joins the trade group from Popular, Inc. where she served as vice president and director of government affairs. She will report to Francis Creighton, MBA's vice president and chief lobbyist.
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.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
