David Barkley, director of e-commerce relations at Freddie Mac, has been re-elected to chair the Governance Committee of the Mortgage Industry Standards Maintenance Organization.Lisa Bolelli, vice president of program management of First American Corp., has been re-elected a vice-chair of the panel, and Adam Hall, manager of information technology and Web development at IndyMac Bank, has been elected the other vice chair, MISMO reported. The committee also elected or re-elected the following members: Craig Foote of Fidelity Information Services, Mike Bixby of Info1/LandAmerica, Todd Luhtanen of Dynatek, Ed Ransden of CitiMortgage, and Ty Jenkins of DocuTech Corp. MISMO, which was established by the Mortgage Bankers Association, develops electronic commerce standards for the mortgage industry. Its Governance Committee, which oversees the organization's administration and policy development, consists of representatives of 16 MISMO subscriber organizations from a cross-section of the residential real estate finance industry. The members serve two-year terms, with half the seats up for election each year.
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Gold Star Mortgage hasn't said whether it suffered a data breach after cybercriminals claim to have compromised over 10,000 documents from the lender.
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The guidance reflects a mortgage servicing rights market that has broadly included the customer value in refinancing for over a decade, experts say.
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With little action towards privatization this year, the timeline in 2027 is also narrowing as the focus shifts to the 2028 election, Bose George said.
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A federal judge ruled that the Trump administration's attempt last year to halt funding for the Consumer Financial Protection Bureau was unlawful and unconstitutional. Two other judges have issued similar decisions.
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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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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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