Mortgage Tech Demo Day

In a half-day format, technology companies will demo their platforms and answer questions. You can tune in for the whole demo day, or strategically drop in on sessions to learn about specific solutions.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.

Mortgage

Bank of America reportedly close to naming new global general counsel

Former Ford Motor Co. general counsel David Leitch expected to take position

Ending a search that stretched back to July, Bank of America (BAC) appears to be set to name a new global general counsel.

In July, Reuters and the Wall Street Journal reported that Gary Lynch, who served as the bank’s global general counsel, was stepping down to move into a “more advisory role.”

According to the Reuters report, Lynch played a significant role in the $16 billion settlement between Bank of America and the U.S. Department of Justice over toxic mortgages, collateralized debt obligations and an origination release on residential mortgage loans sold to Fannie Mae and Freddie Mac in the run-up to the financial crisis.

On Wednesday, the Wall Street Journal reported that Bank of America is expected to name David Leitch, who is set to retire from a similar position with Ford Motor Co. (F), as the bank’s new general counsel.

From the WSJ report:

Most recently, Mr. Leitch, 54 years old, spent more than a decade at Ford. Previously, he was deputy counsel to President George W. Bush, chief counsel for the Federal Aviation Administration, and worked for the Justice Department.

Ford announced two weeks ago that Mr. Leitch would retire Jan. 1. He is expected to join the bank early next year. Mr. Leitch graduated first in his class from the University of Virginia School of Law and clerked for Supreme Court Justice William Rehnquist.

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Are we back to a normal housing market?

Favorable demographics should keep the housing market ticking. But watch for home prices escalating out of control and rates moving up sharply, writes columnist Logan Mohtashami. HW+ Premium Content

Jul 26, 2021 By
3d rendering of a row of luxury townhouses along a street

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