The Mortgage Bankers Association has reported appointments to its 2005 Commercial Real Estate/Multifamily Finance Board of Governors, which focuses on commercial/multifamily real estate finance policy issues and initiatives.The COMBOG officers are: Dan Phelan, president and chief executive officer of San Diego-based Pacific Southwest Realty Services, chair; Ed Hurley, managing director of Charlotte, N.C.-based Wachovia Securities, vice chair; and Kieran Quinn, president and CEO of Atlanta-based Column Financial, who remains vice chair. The trade association also announced six new members of the 30-member COMBOG: Sally Gordon, Moody's Investors Service, New York; Steven K. Graves, Principal Global Investors, Des Moines, Iowa; Thomas C. Jensen, Allstate Investments, Northbrook, Ill.; Henry J. Schwendiman, Q10 Bonneville Mortgage, Salt Lake City; Brian F. Stoffers, L.J. Melody & Co., Houston; and Deborah C. Towner, Genworth Financial, Seattle. The MBA can be found online at http://www.mortgagebankers.org.
-
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
10h ago -
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