Countrywide Home Loans Inc., Calabasas, Calif., has announced three new appointments in the company's Consumer Markets Division.Dan Hanson, an executive vice president at Countrywide, has been named managing director of distributed retail, while senior vice president James Hecht has been promoted to EVP of national operations, and senior vice president and regional manager Mike Querrey has been named SVP of sales development. A 26-year real estate veteran, Mr. Hanson will be responsible for managing the production for Countrywide's distributed retail divisions, overseeing the company's network of 600 sales offices nationwide, Countrywide said. Mr. Hecht will serve as the Consumer Markets Division's primary liaison to the chief operating officer and oversee operations-related policy and procedures. Mr. Querrey will be responsible for increasing purchase market share and for recruiting sales resources in each of the CMD's business units. Countrywide can be found online at http://www.countrywide.com.
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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.
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