Scott Coburn has been promoted to vice president and division manager of CreditFlex Funding, the nonprime lending division of ComUnity Lending, a mortgage lender based in Morgan Hill, Calif.Mr. Coburn has nearly 30 years of experience in the mortgage industry, and was most recently vice president and national sales manager for CreditFlex, the company said. His credentials include management roles with Fremont Bank, World Savings, and Freddie Mac, among others. CreditFlex also announced three other personnel changes and said it plans to double the number of its offices around the country this year and begin operations in several new states. The other personnel changes were as follows: Betty Milledge was named vice president of wholesale operations; Suzanne Martindale was named nonprime underwriting manager; and Lynn Terrell was named sales coordinator. CreditFlex can be found online at http://www.creditflexfunding.com.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
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The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
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The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
July 3