Daniel B. Deaton has been promoted to the newly created position of executive vice president for national retail production at CTX Mortgage Co., a Dallas-based subsidiary of Centex Corp.Mr. Deaton, who has been regional executive vice president for CTX's Southeast Region since joining the company in 1997, will lead CTX's nationwide retail branch network, consisting of about 140 offices, the company said. CTX also announced the hiring of John F. Karaszewski to succeed Mr. Deaton in heading the Southeast Region.
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Feds say Chicago businessman Mark Steven Diamond defrauded at least 80 victims and caused at least $6 million in losses.
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Fannie Mae's tool, used by originators to determine income levels for self-employed borrowers, aims to help them avoid potential underwriting errors, the government-sponsored enterprise said.
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The 30-year fixed rate mortgage fell for the first time in six weeks as the Federal Open Market Committee meeting outcome is finally priced in.
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