Organizational Executives Three organizations -- including a banking trade group, a banking regulator and a federal housing agency -- recently announced organizational changes. Patrick M. Parkinson succeeded the retiring Roger Cole as director of the Division of Banking Supervision and Regulation, the Federal Reserve Board reported on Oct. 20. Parkinson, who joined the board in 1980 as an economist in the Division of International Finance, holds a Ph.D. in economics from the University of Wisconsin-Madison. read full story

FHA Council Formed
A group of executives from some of the biggest U.S. mortgage lenders are part of a new council that is addressing how to ensure the continued viability of the Federal Housing Administration program.

FHA Policy Updates
In addition to several updates to guidelines for making residential loans insured by the Federal Housing Administration, several trade groups are lobbying Congress for more changes -- including the extension of temporary higher loan limits.

Mortgage Bankers Recruit CEOs, Managers
GMAC Financial Services has hired a new secondary executive, while a former subprime executive has re-emerged at another lender. The Mortgage Bankers Association has recently seen lots action among its ranks.

RESPA Lately
Updates to the Real Estate Settlement Procedures Act have several trade groups warning of an upcoming "train wreck." But help has arrived just in case implementation is not delayed.

TIL - Reg Z Report
Two firms are helping lenders comply with new requirements under the Truth in Lending Act. Real estate agents and brokers recently warned the nation's central banker about the negative impact to Federal Housing Administration borrowers from upcoming changes.

New Group Gains 100 Members
A new association that defends the competitive posture of community-based mortgage lenders has added 100 members during its first month in business.

Mortgage Bankers Meet in San Diego The nation's mortgage bankers are converging this week in Southern California for their annual shin dig. Other upcoming mortgage-related events include a workshop for government modifications, two events exclusively for chief executives and a conference in Las Vegas.