Officials of the National Association of Mortgage Brokers expect to see the latest effort to propose RESPA reform take shape this Friday, members of the group told attendees at their annual conference.Department of Housing and Urban Development officials are working on a "plan of action" for the latest proposal to reform the Real Estate Settlement Procedures Act, according to Roy DeLoach, vice president of government affairs at the NAMB. NAMB officials said they believe Washington official' approach is better this time around in that the latter have indicated they want to build an "80% consensus" on the issue. Incoming NAMB president Jim Nabors said the association just wants to make sure the NAMB "is in that 80%."
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
July 11 -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
July 11 -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
July 11 -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11