Fifth Third Bank has named Steven Alonso as executive vice president and head of the company's mortgage and consumer lending lines of business. Mr. Alonso previously was founder, chairman and chief executive officer of Oakstreet Mortgage LLC, Indianapolis. Prior to that he served as president and CEO of Bank One's Consumer Finance Group. At Fifth Third, Mr. Alonso will develop strategy for the mortgage, consumer lending, student loan and collections areas and will work with his direct reports to implement that strategy.
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HUD said its Office of Fair Housing and Equal Opportunity has reduced a Biden administration case backlog by 27% and accelerated investigations.
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Bill Greenberg and Mat Ishbia held a video chat on June 11. The companies disputed the outcome, but in the end, UWM did not make a new proposal for Two Harbors.
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Third-party originators support tightening some standards but say greater flexibility and coordination could help the market avoid disruption.
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But moderating price growth and friendly building policies in many markets hint at emerging affordability for aspiring buyers, Zillow said.
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On a year-over-year comparison, title underwriters produced 15% more premiums in the first quarter, as mortgage rates briefly fell under 6% in February.
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The government-sponsored enterprise has provided language that servicers may utilize in situations involving temporary interest-rate buydowns.
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