A top Federal Housing Administration staffer, Meg Burns, is leaving the agency and joining Potomac Partners, a Washington consulting firm, in February.Ms. Burns is the director of the FHA's single-family program development office, and she has worked on developing legislation to revitalize the FHA mortgage insurance program. She is best known for managing the FHA's reverse mortgage program, according to Brian Chappelle, a founding partner of the mortgage banking consulting firm. "Having Meg join Potomac Partners further strengthens one of our core competencies -- government lending -- and further expands our services into the rapidly growing field of reverse mortgages," Mr. Chappelle said.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
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The longtime Federal Reserve chair served under four presidents and presided over the deregulatory and pro-market push of the 1990s and early 2000s that set the stage for the 2008 mortgage crisis.
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Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.
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AI is leaving its marks in a wave of recent pro se litigation with fabricated citations and debunked arguments found throughout lawsuits, attorneys say.
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