Michael D. Meyer has been named executive vice president for the new Texas operations of Homefield Financial, a mortgage banker based in Irvine, Calif.Mr. Meyer will oversee the firm's expansion into the Texas market, from which it will primarily serve Homefield's customers in the Central and Eastern United States, the company said. Homefield said it will open its Irving, Texas, loan center in April with 20 employees and expand it to 150-200 employees over the next 18 months. Before joining Homefield, Mr. Meyer served as president of Fort Worth, Texas-based Touchstone Communications, an offshore business process outsourcing company serving major U.S. mortgage companies. He was previously a senior vice president with Associates First Capital Corp. in Dallas, and he also worked with NovaStar and Oak Street Mortgage.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
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Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
April 21 -
More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
April 21 -
Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
April 21 -
The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
April 21 -
March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
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