The Mortgage Bankers Association has announced the promotion of Steve O'Connor to senior vice president of government affairs, the post previously held by Kurt Pfotenhauer, who is leaving the MBA to become chief executive officer of the American Land Title Association.Mr. O'Connor will be responsible for managing the public policy and advocacy efforts of the association. He was previously senior vice president of public policy. Mr. Pfotenhauer will take the reins at ALTA on Jan. 7. The organizations can be found on the Web at http://www.mortgagebankers.org and http://www.alta.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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









