HouseRaising Inc., a Charlotte, N.C.-based service provider to custom homebuilders, has announced a credit program that will enable affiliated builders to buy materials and supplies from Lowe's through a master credit facility.Under the program, builders of custom homes constructed with the HouseRaising proprietary management system and with financing through SunTrust Mortgage, Richmond, Va., can buy building materials from Lowe's. Greg Wessling, chairman and chief executive officer of HouseRaising, said the arrangement will lower the cost of homes and help builders who often find it difficult to get financing for materials purchases. The company can be found on the Web at http://www.houseraising.com.
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A consumer was moving to certify a class of thousands of borrowers who paid the telephone mortgage payment fees to a subsidiary the servicer acquired.
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AnnieMac CEO Joe Panebianco has navigated a broad range of risks, from cash buyer competition to shifts in the market's loan product mix, with a unique leadership style.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
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House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
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ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
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