The Federal Agricultural Mortgage Corp. has given its president and chief executive, Timothy Buzby, a two-year extension on his employment contract.
The government-sponsored enterprise said in a recent
After the new contract expires, Buzby will be eligible for successive one-year agreements, Farmer Mac said in the filing.
Buzby took over as president and chief executive in October 2012. He previously served as Farmer Mac's chief financial officer and controller, after joining the GSE in 2000.
Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
Better's home equity loan product can be originated in a week or less, the company says.
The top five producers had an average dollar loan volume of more than $140 million in 2023.
