Federal Housing Administration deputy commissioner Sean Cassidy is leaving the agency after four years on the job.The Department of Housing and Urban Development has named Frank L. Davis, a 37-year veteran of HUD, to replace him. Mr. Davis' official title will be general deputy assistant secretary for housing. Mr. Cassidy is currently serving as a senior advisor to HUD deputy secretary Roy Bernardi while pursuing other opportunities in the Bush administration. He previously worked on the staff of the House Financial Services subcommittee on housing.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
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Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
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Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
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The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
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The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
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