Tom Renshaw has been named president and chief operating officer of Team One Mortgage Services Inc., a subsidiary of Equus Resources Inc., a financial services company based in the Atlanta suburb of Roswell, Ga.Before joining Team One, Mr. Renshaw, 47, was a principal and co-founder of several companies, including an Atlanta-based mortgage company, Equus said. He has held real estate, mortgage, securities, and insurance licenses, and has experience in residential and commercial real estate sales, development, and finance as well as residential and commercial mortgage management, the company said. Team One can be found online at http://www.teamonemortgage.com.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27