The Federal Reserve’s Open Market Committee (FOMC) chose to forgo the opportunity to raise the central bank’s nominal interest rate at the conclusion of their October/November meeting, a repeat of the action the committee last took in September.
Read More »Cenlar Promotes David Schneider to President
After joining the nationwide mortgage subservicer earlier this year as CFO, former head of CitiMortgage and WaMu Home Loans David Schneider has been named new company President.
Read More »Bipartisan Bill Supporting Opportunity Zones, Housing Transparency Moving Through Washington
A new bill by Representatives Mike Kelly (R-PA), Chairman of the Ways and Means Subcommittee on Tax; Dan Kildee (D-MI); Carol Miller (R-WV); and Terri Sewell (D-AL) would require mandatory data reporting for public housing projects. What does that mean for landlords and renters/buyers alike?
Read More »Fay Financial Adds Cari Gordon as Chief Audit Officer
With nearly 30 years in the industry, including time spent at both Fannie Mae and Freddie Mac, Cari Gordon joins Fay Financial to oversee the company’s integrated, risk-based audit plan.
Read More »HUD Launches Latino Task Force
In line with Hispanic Heritage Month, the Department of Housing and Urban Development has launched a new task force dedicated to empowering the Hispanic community and bridging disparities in housing, procurement, and housing practices.
Read More »MBA Ups Origination Volume Forecast for 2024
Looking into 2024, the Mortgage Bankers Association (MBA) has announced that it now predicts origination volume to total $1.95 trillion next year.
Read More »Cenlar Names Tom Byrne VP of Quality Control
Mortgage loan subservicer taps 30-year industry veteran for new role, overseeing both the internal QC team, and outsourced vendors, establishing objectives to drive the execution of Cenlar’s QC program.
Read More »CFPB Announces New Advisory Committee Appointments
Bureau appoints 22 new members to represent various districts of the Federal Reserve System, each member a recommendation by a President of a Federal Reserve Bank.
Read More »Sagent Extends Partnership With Click n’ Close
The new five-year extension will enable Click n’ Close to power its entire enterprise mortgage servicing ecosystem with Sagent’s suite of cloud-based platforms.
Read More »HUD Installs New Appointments to Manufactured Housing Consensus Committee
Three new appointees and three return to the committee that advises HUD on manufactured housing production, regulations, and administration of the Manufactured Housing Construction and Safety Standards Act.
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