Scott Norman has been elected president of The Texas Mortgage Bankers Association in Austin, Texas. TMBA will focus on legislative and regulatory goals in the residential mortgage space, including establishing a statewide standard to promote financial literacy. The association consists of member firms originating over $35 billion in closed loans annually. A long-time Austin mortgage banker, Norman has been actively involved in state and federal government for over 20 years as a Capitol staffer and lobbyist. He founded the Texas Association of Reverse Mortgage Lenders Association in 1999, and served on the National Reverse Mortgage Lenders Association Board of Directors from 2005 until 2009. Currently, Norman manages the retail reverse mortgage operations in Texas for MetLife Bank.
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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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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