Danica Patrick, who serves as a spokeswoman and trade show booth attraction for Argent Mortgage, will be switching from Rahal Letterman Racing to Andretti Green Racing for the 2007 Indy Racing League season, raising questions about her continued association with Argent.Argent had sponsored her car when she raced in the lower levels of open-wheel racing for Rahal Letterman. Besides sponsoring Ms. Patrick's car, Argent sponsors the car of her teammate, Buddy Rice, a former winner of the Indianapolis 500. A news release from Andretti Green did not mention the sponsorship situation. Published reports had Bobby Rahal, one of the owners of Rahal Letterman (the other being television personality David Letterman), saying the Argent sponsorship was the team's and not Ms. Patrick's. Argent had not replied to a request for comment by MortgageWire's deadline. At the end of June, Argent said it would use Ms. Patrick in the marketing of its new alternative-A product line.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
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Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
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More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
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Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
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The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
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March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
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