Howard N. Morof has been named chief financial officer of Franklin Financial Group, a Southfield, Mich.-based financial services organization specializing in the residential mortgage industry.Mr. Morof will assist in developing the capital structure of the organization to support continued growth, the company said. Before joining Franklin, Mr. Morof was CFO for Broder Bros., a national distribution firm in Plymouth, Mich., and he was previously a partner at MSW Group, a public accounting and consulting firm in the Detroit area. An affiliate of Franklin Security Bank FSB, Franklin can be found online at http://www.franklin-mtg.com.
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Five years after the Champlain Towers South collapse, while overall condo sales have held steady, the Miami market has had an 8 percentage point drop in share.
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Low immigration and fertility rates paired with aging boomers could weaken the foundation of housing demand over the next decade, the MBA finds.
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The notice of proposed rulemaking promotes manufactured housing loans backed by personal property while advising the rollback of requirements in other areas.
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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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