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.
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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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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