After joining the Mortgage Bankers Association and starting the Mortgage Industry Standards Maintenance Organization over seven years ago, Gabe Minton is stepping down to assume the role of chief strategy officer at Mortgage Cadence, a Denver-based enterprise lending solution company.A source close to the situation confirmed that Harry Gardner will assume Mr. Minton's responsibilities at the MBA and that Dan Szparaga, who runs the commercial portion of MISMO, will now oversee the residential portion as well. Both appointments are interim, but are expected to become permanent. Mr. Minton told MortgageWire that he will miss the MBA and running MISMO, but looks forward to moving on to Mortgage Cadence and continuing to participate in MISMO as a member. "I honestly couldn't think of a better fit for me than Mortgage Cadence," he said. The company can be found on the Web at http://www.mortgagecadence.com.
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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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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