Many today are asking themselves: “What is the future of mortgage lending?” Given the onslaught of new rules and regulations, and a seemingly endless number of stories chronicling the closures and/or failures of banks, warehouse lenders and mortgage companies, it is easy to understand why almost every C-level executive is wondering what the future holds for the industry. In a time when the obstacles seem to be multiplying and opportunities fading, it is important that the C-level maintains an intense focus on the course they chart for their company.Read more

Rep. Nydia M. Velázquez (D-NY), chairwoman of the House Committee on Small Business, delivered the following remarks at today's hearing entitled, "The Impact of Financial Regulatory Restructuring on Small Businesses and Community Lenders": "One year ago this month, we saw the largest bankruptcy in U.S. history when Lehman Brothers filed for Chapter 11. The following weeks were a whirlwind of activity. The FDIC seized Washington Mutual, selling the company's banking assets to JP MorganChase.Read more