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News Now

Washington
HUD to testify on loan origination oversight
WASHINGTON (1/8/08)—The House Financial Services Committee Wednesday announced its four witnesses scheduled to testify at Friday’s hearing on oversight of loan originators: two U.S. Housing and Urban Development (HUD) officials, a mortgage broker and a mortgage banker representative. The hearing will take a look at HUD’s Federal Housing Authority (FHA) and the role it plays in overseeing mortgage originators. Scheduled witnesses are:
* Phillip Murray, Deputy Assistant Secretary for Single Family Housing. HUD; * James A. Heist, Assistant Inspector General for Audit, Office of Inspector General, HUD; * George Hanzimanolis, CRMS, Bankers First Mortgage Inc. and past president of the National Association of Mortgage Brokers; and * John A. Courson, recently named president/CEO of the Mortgage Bankers Association.


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