H&R Block Mortgage Corp., Kansas City, Mo., has announced the appointment of David J. Vida Jr. as vice president of prime secondary marketing and finance and Wilbur A. McKesson Jr. as vice president of affordable housing.Mr. Vida will be responsible for the company’s prime and government loan product development and delivery strategies, and for financial planning and coordination, H&R Block Mortgage said. Before joining the company, Mr. Vida was executive vice president and chief financial officer at Delphi Global Solutions, a technology company, and he was a co-founder and president of City Mortgage Services. Mr. McKesson will be responsible for developing and implementing an affordable housing business plan that focuses on the mortgage needs of H&R Block tax clients. He was most recently senior vice president and director of emerging markets at CitiMortgage.
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
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Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
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With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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