Floor statement of Ranking Member Spencer Bachus on HR 3221

National Mortgage Professional

Jul 27, 2008

National industry appointments update - 11/30/2007MortgagePress.comNational mortgage industry positions • The Conference of State Bank Supervisors has added Vickie Slater to its mortgage division as license policy coordinator. • The Mortgage Bankers Association has appointed Sarah Tinsley Demarest vice president of public affairs.

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Jul 27, 2008

Analysis and Data

Mortgage Rates Fall For 3rd Straight Week

The 30-year mortgage dropped to 6.32%, lowest since mid-February.

Amid continued economic unrest, mortgage rates fell for the third consecutive week this week, Freddie Mac said Thursday. According to the government-sponsored enterprise’s Primary Mortgage Market Survey (PMMS), the 30-year, fixed-rate mortgage (FRM) averaged 6.32%, down 10 ...

Regulation and Compliance

Chopra: Nonbanks, Mortgage Servicers May Also Pose Systemic Risk

CFPB director tells Consumer Bankers Association conference such a failure could lead to 'chaos.'

What happens if a nonbank lender or large mortgage servicer fails? That’s a question that recently has been keeping Consumer Financial Protection Bureau Director Rohit Chopra awake at night. "A major disruption or failure of a large mortgage servicer really gives me a night...