Tim Doyle and Kathy Gibbons have been named senior directors in government affairs at the Mortgage Bankers Association of America, and Katie Schwarting has been named senior director in commercial real estate finance.Mr. Doyle, previously a director in government affairs, was the staff representative to the MBA's Residential Loan Production Committee. He has also been the association's chief liaison with the Federal Housing Administration, the Department of Veterans Affairs, and the Rural Housing Service. Ms. Gibbons, previously a director in government affairs, has been involved in issues relating to the secondary market, the nonagency mortgage-backed securities market, and the Federal Home Loan Banks. Ms. Schwarting, previously a director in CRE finance, has been involved in the Asset Administration and Loan Origination committees of the Commercial Real Estate/Multifamily Finance Board of Governors, among other activities. The MBA can be found online at http://www.mortgagebankers.org.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
August 12 -
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
August 12 -
Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
August 12 -
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
August 12 -
Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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