GMAC-ResCap associate counsel Julianne Linder has been elected to a new term as co-chair of the American Securitization Forum's residential mortgage-backed securities issuer subforum. Ms. Linder's term expires mid-year 2009. The other co-chair of the RMBS issuer subforum is Bill Felts, CitiMortgage senior vice president, director of mortgage finance. Mr. Felts is serving a term that ends mid-year 2008.
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
The consumer price index ticked up last month, bolstering arguments about broad-based inflation and raising the odds of a rate hike next month.
