Christopher S. Stinebert has been named president and chief executive officer of the American Financial Services Association, effective Nov. 1.This timing will allow a two-month transitional period before Randy Lively, the AFSA's current president, retires on Dec. 31. Mr. Stinebert currently serves as president and chief executive officer of the Manufactured Housing Institute in Arlington, Va. Before joining the MHA in 1998, he was president and chief executive officer of the National Concrete Masonry Association in Herndon, Va.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18