Today during a nomination hearing held by the U.S. Senate Banking Committee Brian Montgomery was approved as Assistant Secretary for Housing—Federal Housing Commissioner, U.S. Department of Housing and Urban Development. His nomination will now move to a full Senate vote.
Read More »Barney Frank States Oppositions to Senate Bill
Former Rep. Barney Frank (D-Massachusetts), who co-authored the 2010 law that established the Consumer Financial Protection Bureau (CFPB) Act, also known as also known as Dodd-Frank, said Monday ...
Read More »Topping Charts: Lenders Who Are Leading Originations
A new ranking of top lenders is in—see what companies are leading the way when it comes to mortgages closed.
Read More »Home Values Heat Up to Record Highs
The latest data on home values reports that more than half of the nation's largest metros gained over $10,000 in value in the last year.
Read More »Otting Takes Charge as 31st Comptroller of the Currency
Sworn in Tuesday afternoon, the freshly minted Comptroller praised the importance of the OCC, but also indicated a move toward streamlined regulations and less red tape.
Read More »Mulvaney Vows CFPB Will Follow Law Without ‘Choking Off Access to Capital’
Speaking during a press conference following a chaotic and confusing morning at the CFPB, Mulvaney had harsh words about the CFPB’s past actions, but added that he was “not here to shut the place down.”
Read More »Home Sales Surge
On Monday, HUD and the Census Bureau released their October New Home Sales Report—reporting increases above prior estimates.
Read More »Raising the Standards of Success
The CECL is bringing fair value into the ALLL. Learn how the standards are impacting the financial industry—and how you can make sure you implement them smoothly.
Read More »The Week Ahead: U.S. Banking Committee to Focus on Powell & Montgomery
Jerome Powell's nomination as Fed Chair will be the subject of a full open session committee hearing this week for the U.S. Senate Banking Committee. During a closed-door meeting the committee will also consider Brian Montgomery's nomination as Assistant Secretary of HUD and Commissioner of the FHA. Here's what else is happening in The Week Ahead.
Read More »Chasing Loan Automation
Finding ways to incorporate automation will be crucial as the correspondent business moves deeper into the 21st century. The question is, what’s taking so long to make it happen?
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