The Mortgage Bankers Association (MBA) announced that William (Bill) Nelson, Executive Vice President, Secondary and Mortgage Operations of Standard Mortgage Corporation, has been appointed Chairman of the Mortgage Action Alliance (MAA) for the 2025-2026 election cycle.
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MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Department of Housing and Urban Development’s (HUD) announcement of changes to the minimum debt service coverage ratio (DSCR) and maximum loan-to-cost percentage (LTC) levels for Federal Housing Administration (FHA) multifamily loans:
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The Mortgage Bankers Association (MBA) announced that Nanci L. Weissgold, Partner and Co-Chair of the Alston and Bird law firm’s Financial Services Group, has been appointed chair of the Mortgage Bankers Association Political Action Committee (MORPAC) for the 2025-2026 election cycle.
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LendingPad announced the appointment of respected industry veteran Kelli Himebaugh as Director of Sales Enablement. This strategic addition to the leadership team underscores LendingPad’s commitment to accelerating growth while maintaining its reputation for exceptional customer experience and technological innovation.
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Mortgage credit availability increased in December according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
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Williston Financial Group (WFG), a full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, announced that its subsidiary Volly has released a new marketing automation suite to support one of the mortgage industry’s most essential collaborations: the partnership between loan officers and real estate professionals.
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Xactus, a fintech company and provider of verification solutions for the mortgage industry, has appointed Mike Brown as its Chief Product Officer. Brown previously served as the firm’s Chief Integration Officer.
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The Consumer Financial Protection Bureau (CFPB) has sued Experian, the nationwide consumer reporting agency, for unlawfully failing to properly investigate consumer disputes. The CFPB alleges that Experian does not take sufficient steps to intake, process, investigate, and notify consumers about consumer disputes, resulting in the inclusion of incorrect information on credit reports. Inaccurate or false information on consumer reports can threaten consumers’ access to credit, employment, and housing.
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Dark Matter Technologies (Dark Matter), has appointed Brad Vasto as Chief Revenue Officer (CRO). Vasto steps into the role as Sean Dugan, the outgoing CRO, prepares to assume the position of CEO in April 2025, succeeding current CEO Rich Gagliano.
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This year PROGRESS in Lending will continue its rich tradition of recognizing true excellence in mortgage lending. Here’s the full 2025 calendar …
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