Patrick Hartford, senior business analyst for VMP Mortgage Solutions Inc., St. Cloud, Minn., has been named vice chairperson of the Mortgage Industry Standards Maintenance Organization's eMortgage Workgroup.Mr. Hartford was elected to the one-year post by the work group, which consists of more than 60 individuals from key industry organizations. The company said Mr. Hartford has become an "influential voice" on matters related to electronic mortgages. He has led classes on e-mortgage technology for the Mortgage Bankers Association's CampusMBA, and has been a contributor to the eMortgage Workgroup since joining soon after it was established in 2001. The work group was created by MISMO to develop a fully electronic mortgage.
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One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale.
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Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
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President Biden had issued a rule in 2024 requiring newly constructed homes to abide by an energy mandate to be eligible for FHA- or USDA-backed mortgages.
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Eligible purchases with the Better Home Equity Card, which lets homeowners instantly spend funds drawn from a home equity line of credit, earn 1% cashback.
April 29 -
Kevin Warsh's nomination to be the next chair of the Federal Reserve passed through the Senate Banking committee in a party-line vote.
April 29 -
Using a non-GAAP measurement, the real estate investment trust, preparing to be bought by CrossCountry, reported a $25 million loss for the first quarter.
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