Richard Powers has been named president of KB Home Mortgage Co., Los Angeles.KB Home said Mr. Powers, a veteran of over 15 years in mortgage banking, was most recently president and chief executive officer of Charter One Mortgage Corp., Cleveland. Before that, he was senior vice president of operations and production for Great Western Mortgage Corp. KB Home, the parent company of KB Home Mortgage, is a homebuilder with domestic operating divisions in Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, New Mexico, North Carolina, South Carolina, and Texas. The parent can be found on the Web at http://www.kbhome.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.
June 23 -
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.
June 23 -
Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
June 23









