Tim Anderson, executive vice president of business development of Minneapolis-based Dexma Inc., has been elected to the Governance Committee of the Mortgage Industry Standards Maintenance Organization.Mr. Anderson has over 25 years of mortgage banking technology and management experience and is credited with creating the eMortgage Alliance that supports MISMO standards for delivering legal paperless processes. MISMO was established by the Mortgage Bankers Association to coordinate the development and maintenance of Internet-based Extensible Markup Language real estate finance specifications. The Governance Committee is made up of 16 representatives from MISMO subscriber organizations, including two origination technology companies. Mr. Anderson will serve a two-year term.
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GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
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A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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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.
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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.
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