William C. Apgar, former commissioner of the Federal Housing Administration, has been named to the advisory board of AMCO, a Cleveland-based appraisal management company.Mr. Apgar is currently senior scholar at the Joint Center for Housing Studies at Harvard University. "For many years, there were simply no good methods to create accurate and compliant lending while still maintaining profitability and savings for the public," Mr. Apgar said. He decided to join AMCO's advisory board "to facilitate the development and distribution of products and services that create absolute compliance, accuracy, and profitability," he said. AMCO recently announced the appointment to the advisory board of Andrew M. Cuomo, a former secretary of the Department of Housing and Urban Development.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
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Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
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Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
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The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
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The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
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