Tad Lowrey, chairman, president, and chief executive officer of Jackson Federal Bank, Brea, Calif., has been named vice president of the Federal Reserve Board's Thrift Institutions Advisory Council for 2004.Mr. Lowrey has already served one year of a two-year term on the council, which consists of 12 representatives from thrift institutions, including savings and loans, savings banks, and credit unions. It meets three times a year with the Board of Governors of the Federal Reserve System to discuss developments relating to thrifts, the housing industry, mortgage finance, and certain regulatory issues.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
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.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28