Steve O'Connor has been promoted to senior vice president of public policy at the Mortgage Bankers Association.Mr. O'Connor was most recently vice president for industry relations and policy development. The MBA said he will continue to manage the development of the association's residential policy positions, with the additional task of managing outreach efforts to MBA members and industry stakeholders "to align MBA's policy and advocacy efforts with their key business needs and industry trends." Before joining the MBA in 1996, Mr. O'Connor held positions in government affairs with the National Association of Realtors and Freddie Mac. The MBA can be found online at http://www.mortgagebankers.org.
-
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.
August 12








