The bipartisan bill, previously brought up in Congress' lame duck session, got the Mortgage Bankers Association and Broker Action Coalition's support.
The company, which became a depository in 2022, will be offering affordable housing products and initiatives in 45 states and the District of Columbia.
The real estate investment trust lowered its dividend to 25 cents a share after the company realized a nearly $59 million loss on a Philadelphia office loan.
The hidden costs of homeownership total nearly $16,000, rising 4.7% in the past year.
With over 25 years of experience, Tracie is a seasoned professional in the insurance industry, with experience across a diverse range of products and disciplines. Beginning her career in Australia, Tracie has since worked in various regions around the world, where she has held many influential global executive positions, namely in Aon and AIG. Tracie's extensive experience across the value chain of the insurance industry solidifies her beliefs of the important impact insurance has on the world.
Tracie is now part of the leadership team at global insuretech provider Cytora where she draws on her industry background to help define how Cytora delivers technology that supports how (re)insurers operate.
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The shutdown halted the release of employment data, typically a driver of mortgage rate activity, likely resulting in trackers moving in varying directions.
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A series of social media posts, from the US president over the weekend and then from the FHFA director and real estate scion Pulte on Wednesday, are helping put an S&P gauge of builders on track for a four-day losing streak.
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President Trump wants the two government-sponsored loan buyers to help speed lower-cost home creation and their oversight agency's director is following up.
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The antitrust lawsuit suggests over two dozen mortgage companies shared sensitive loan origination information as the "price of cartel membership."
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Some lenders have a workaround for the Federal Housing Administration's suspension of reverse mortgage endorsements but fewer options exist in other instances.
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Roughly 100,000 properties in the United States had a foreclosure filed in the third quarter this year, an increase on a quarterly and yearly basis, ATTOM said.
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Creating a bipartisan commission to manage the Consumer Financial Protection Bureau will make the agencys rules longer-lasting and place needed checks on the directors authority.
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Advanced technology can certainly provide process improvements, but those will reap results only if employed alongside industry fundamentals.
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The Department of Housing and Urban Development's proposed addition to the Housing Choice Voucher Program represents a significant deviation from its stated mission of promoting homeownership.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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