The Huntington Mortgage Co., Columbus, Ohio, has promoted Thomas J. Finnegan III to president and chief executive, replacing R. Frederick Taylor, who has left the company.Mr. Finnegan joined the company in 1996 as senior vice president of residential loan production. Prior to that he was executive vice president of Integra Mortgage Co., Pittsburgh, where he was responsible for all retail, wholesale, and correspondent production functions. Huntington Mortgage, a unit of Huntington Bancshares Inc., has a servicing portfolio of over $8 billion and has closed more than $1.65 million in mortgages so far this year. In the second quarter, Huntington Mortgage ranked 49th in the nation in retail mortgage originations with $513 million, according to the Database Products Group, a MortgageWire affiliate.
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Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.
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The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
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The new Mortgage Bankers Association research adds to debate over whether Fannie Mae and Freddie Mac should allow a less costly alternative to the tri-merge.
July 10 -
Wide regional variances appeared in housing-start activity in 2025, when the traditional leading builder markets all saw numbers decline by as much as 15%.
July 10 -
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
July 10 -
Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.
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