John Button has been appointed chief operations officer of Del Mar Database, San Diego.In a career spanning more than 25 years, Mr. Button has held numerous executive positions at technology companies, most recently as senior vice president of business initiatives for IPS-Sendero, Del Mar said. Previously, he served as business unit president of RF/Spectrum and as a founding partner for a management consulting firm, Business Improvement Specialties. Del Mar Database, which specializes in helping small and medium-sized lenders increase their production and profitability, can be found on the Web at http:// www.delmardb.com.
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Credit risk transfers, a means by which banks can move risk off their balance sheets, earned considerable bipartisan support in a House Financial Services subcommittee hearing Wednesday.
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The addition of HELOCs at SoFi comes alongside the launch of a new advisory group, as the company heightens its focus on real estate lending.
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The enterprises also still plan to add FICO 10T but the release of the historical data stakeholders in their market can use to assess it has taken longer.
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Builder mortgage units saw Q1 profit slides (NVR down 17%) despite an 11% rise in new home loan applications. Overall homebuilder net income dropped, and sales incentives remain high.
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Toll Brothers' purchase of Buffington Homes of Arkansas will extend its national outreach with a strong presence in northwest Arkansas, the company said.
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Treasury Secretary Scott Bessent on Wednesday defended cuts to the Community Development Financial Institution Fund in the president's 2027 budget, telling the Senate Appropriations Committee that the program had pursued a "partisan wish list."
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