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National Mortgage Professional
Oct 31, 2005

MBA prez's wife plans senatorial runMortgagePress.comMBA, Lise Van Susteren, Senate Lise Van Susteren, a Maryland psychiatrist and the wife of Mortgage Bankers Association President Jonathan Kempner, is expected to run for the Maryland Senate seat being vacated by Sen. Paul Sarbanes, the ranking minority member on the Senate Banking Committee. Sen. Sarbanes will retire when his term ends next year. Two well-known Democrats, former Congressman Kweisi Mfume and Rep. Benjamin Cardin of Baltimore, are also candidates for the Democratic nomination.
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

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UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

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Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

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Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

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CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

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Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

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