Ron Duff of Fiserv Lending Solutions has been elected to chair the Governance Committee of the Mortgage Industry Standards Maintenance Organization, taking over from David Barkley of Freddie Mac, who has chaired the panel since its inception in 2000.Nancee Gorenstein of MGIC and Lisa Bolelli of First American Real Estate Information Services were elected vice-chairs. The committee also re-elected the following members: Chris Anderson of Gallagher Financial Systems; Jim Cooke of Ballard Spahr Andrews & Ingersoll; David Erkes of GMAC Residential Holding Corp.; Roger Gudobba of VMP/Wolters Kluwer; Michael Levine of Wells Fargo Home Mortgage; Shannon Lloyd of Fannie Mae; Kelly Romeo of the American Land Title Association; and Wendy Sadeh of Bridger Commercial Funding. The Governance Committee consists of 20 MISMO subscriber organizations that serve two-year terms, with half the seats up for election each year. MISMO, which was established by the Mortgage Bankers Association, develops electronic commerce standards for the mortgage industry. The organization can be found online at http://www.mismo.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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