David Barkley of Freddie Mac has been re-elected to chair the Governance Committee of the Mortgage Industry Standards Maintenance Organization, and Adam Hall of IndyMac Bank and Lisa Bolelli of First American Real Estate Information Services have been re-elected vice-chairs.The committee also elected Chip Register of NetBank Inc. to membership on the panel, and re-elected the following members: Dave Bodi of Midland Loan Services, Joanne Denver of Babson Capital Management, Paul Wills of Equifax Information Services, Todd Luhtanen of Dynatek, Craig Foote of Fidelity Information Services, and Tim Anderson of Dexma. 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. Its Governance Committee provides oversight for the organization's administration and policy development. The organization can be found online at http://www.mismo.org.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
11h ago -
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
11h ago -
Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
August 12 -
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
August 12 -
Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
August 12








