Fannie Mae has announced the appointment of 26 new members to its 55-member Housing Impact Advisory Council, which meets three times a year with the company's senior management to discuss affordable housing issues.One of the new appointees, Lloyd W. Brown II, senior vice president and division executive for the Bank of New York's community development division, will co-chair the council along with returning member Loretta A. Armenta, president and chief executive officer of the Albuquerque Hispano Chamber of Commerce. Council members include civic leaders; executives of nonprofit organizations, state housing agencies, and financial institutions; developers; and professionals in the fields of law, housing, and real estate. Members serve staggered two-year terms. Fannie Mae can be found online at http://www.fanniemae.com.
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The wholesale lender says it agreed to a $660,000 deal last summer for employees seeking overtime pay, an agreement the plaintiffs say never existed.
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A first look at the capital plan suggests it moves the real estate finance industry closer to changes it lobbied for, but the devil may be in the details.
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Housing economists at ICE Experience 2026 predict mortgage growth but also say the home finance industry has yet to fully adapt to the disruption of this decade.
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Terms of the deal were not disclosed but both firms are nationwide mortgage originators, with CrossCountry claiming it is the top retail lender.
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The Ohio-based lender is accusing Atlantic Coast Mortgage of stealing customers, while a Chicago bank is accusing Lower of raiding a Maryland branch.
March 19 -
For the second week in a row, the 30-year fixed increased by 11 basis points, Freddie Mac found, a result of reaction to oil price hikes from the Iran conflict.
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