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 massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24