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Virginia-based mortgage lender City Lending Inc. is winding down operations as regulatory burdens and ongoing industry consolidation weigh on independent mortgage banks, according to founder and CEO Jorge Campodonico. The lender originated approximately $232 million in mortgages over the past 12 months — most of it through Federal Housing Administration (FHA), conventional and purchase loans […]

The conversation around credit reports in mortgage lending has taken a recent turn. Faced with spiraling mortgage origination costs and continued affordability challenges for homebuyers, policymakers and industry leaders understandably are searching for ways to reduce friction and cut costs in the mortgage process.  One proposal being advanced is the adoption of a single-bureau credit

WASHINGTON — Karen Petrou, co-founder and managing partner of Federal Financial Analytics and a luminary of financial policy, died Saturday afternoon of liver cancer after a brief illness. She was 73. Processing Content Petrou wielded an outsized presence in Washington economic and regulatory circles, cultivated over the course of decades in the industry and through