America's Community Bankers member banks and thrifts sold $33 billion in one- to four-family mortgages during the first nine months of this year through strategic alliances set up by the trade group with Fannie Mae, Freddie Mac, and private wholesalers.Since the first alliance with Fannie Mae was launched in May 2001, the ACB mortgage program has been a conduit for $55 billion in loans, according to ACB. "The mortgage programs couldn't have come along at a better time," said William Zuppe, a savings bank executive from Spokane, Wash. It has allowed ACB members -- especially the smaller members -- to participate in this "terrific boom in refis over the last couple of years," he said. Mr. Zuppe becomes the ACB chairman Oct. 22 when the current chairman, Russell Taylor, hands him the gavel at ACB's annual convention in Las Vegas.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
54m ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25