The Consumer Financial Protection Bureau took steps Tuesday to engage mortgage lenders by forming a small business panel to review the integration of mortgage disclosure requirements into a single uniform document. The Dodd-Frank Act obligates the bureau to streamline conflicting rules and statutory requirements from the Real Estate Settlement Procedures Act and Truth-in-Lending Act. More: … [Read more...]
Mortgage Returns Names Co-Founder Jim Blatt as CEO
February 8, 2012 by
Mortgage Returns has announced that its co-founder, Jim Blatt, has been appointed chief executive officer of the company. Blatt, who brings more than 15 years of senior leadership experience and small business development, will lead Mortgage Returns in providing relevant and automated marketing solutions for more than 225 financial institution customers nationwide. Prior to founding Mortgage … [Read more...]
FHLB Adds New VP for Atlanta Operations
February 6, 2012 by
The Federal Home Loan Bank of Atlanta picked up Jon Keagle for vice president and manager of mortgage funding strategies for member sales, trading, and education. Keagle’s key responsibilities will include identifying, developing, and supporting mortgage strategies that leverage the bank’s funding and community investment products and services. View article: FHLB Adds New VP for … [Read more...]
The SAFE Act: The Destruction of Small Businesses That No One Acknowledges
November 30, 2011 by
Thousands of small businessmen and women have been, or are in the process of being put out of business by the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act). The California Department of Real Estate (DRE), for example, the agency responsible for SAFE Act enforcement in the state of California, has ruled last year that Independent Contractor Loan Processors must not only be … [Read more...]
Hearing Portrays a Public Divided Over Dodd-Frank
October 31, 2011 by
As debate heats up about whether to repeal the Dodd-Frank Act, witnesses testifying before the House Financial Services Committee Monday appeared as divided over the issue as the general public, with some criticizing the law and others praising it. The leaders of banks and credit unions largely panned the financial regulatory overhaul, highlighting the demand for more resources and manpower in … [Read more...]
