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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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.
September 24









