Encore Bank, Houston, has announced the formation of Encore Mortgage Co., a residential mortgage lending division that will complement its second-mortgage and construction financing operations.Russell E. Chase has been hired as president of the new division, and Terri Chase has been hired as vice president. The Chases own Golden Financial Services, which they established in 1989 as an originator of home loans, Encore said.
The Request for Information follows Pres. Trump's March 13 executive order, "Promoting Access to Mortgage Credit," the Bureau said.
Community lenders, mortgage bankers and homeowners associations want more time to gear up for certain changes but officials see reasons to stay on track.
Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.
June purchase demand strengthened, refinances remained steady and pull-through improved, reversing May losses.
The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
