McKernan's prior roles include senior financial policy advisor for Sen. Bob Corker and posts with the Senate Committee on Banking, Housing, and Urban Affairs and the US Treasury
Opinion
Amid sweeping commission changes and the push for greater transparency in real estate, rules around referral fees remain elusive, compliance expert Summer Goralik writes for Inman
Congressional Democrats vow to fight moves to 'unlawfully delete this popular consumer watchdog that enjoys the broad bipartisan support of 4 out of 5 Americans'
'Better Forever' incentive will not be offered on HELOCs, nor to borrowers who apply for a mortgage through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet
Having fair access and the opportunity to lease or own a home is paramount to the American dream, Dr. Lee Davenport writes. Here's how new policies could impact that goal
Getting out from under $1.95T cap would allow bank to grow its deposit base, providing more room on the balance sheet to originate jumbo mortgages too big for Fannie and Freddie
In his 1st act as interim Consumer Financial Protection Bureau director, Scott Bessent froze action on all rules and litigation. Here's what that potentially means for the mortgage industry
President Trump fired former Consumer Financial Protection Bureau Director Rohit Chopra on Saturday. Treasury Secretary Scott Bessent will take over leadership duties until Trump nominates a new director.
Although the agency was created by Democrats in an effort to protect consumers from abusive financial practices, it has continued to be viewed by Republicans as an unchecked power
Once the nation's largest home lender, Wells Fargo could be poised for a comeback in mortgage this year as it continues to make progress addressing regulators' concerns about past practices
Vanderbilt Mortgage, which also does business as Silverton Mortgage, is accused by CFPB of approving loans that it knew, or should have known, borrowers couldn't repay
In case you missed it, here are 5 stories from the holiday season that you may want to get caught up on, including a roundup of predictions from some of the real estate world's biggest players
The Consumer Financial Protection Bureau claims Rocket gave real estate agents incentives to steer consumers away from other companies. Rocket calls the allegations a 'lie' and political ploy
PACE lenders object to rule requiring them to evaluate borrowers' ability to repay and provide more comprehensive disclosures so homeowners can comparison shop for other financing
The CFPB claimed statements made by hosts of Townstone Financial's AM radio call-in show and podcasts discouraged Black Chicago residents from applying for a mortgage