The Department of Veterans Affairs has quietly promoted Keith Pedigo and appointed his former deputy Judy Caden to be the new director of the VA home loan program.Mr. Pedigo served as director of the VA Loan Guarantee Service for 20 years, and he said in an interview that he appreciated the industry's support for his efforts to improve the VA loan program. In his new position as associate deputy under secretary for policy and program management, Mr. Pedigo is responsible for coordinating the activities of VA benefit programs, including the home loan program. Ms. Caden was deputy director of the home loan program until she left in 2000 to be the director of education benefits and later the director of vocational rehabilitation and employment services. "When the opportunity to return to loan guarantee came up, I grabbed it," she 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 -
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 -
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 -
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









