Maverick Residential Mortgage Inc., Frisco, Texas, has announced plans to raise $100,000 to benefit victims of Hurricane Katrina.The company, which finances the purchase of homes in Dallas, Collin, Tarrant, and Denton counties as well as throughout Texas and in 23 other states, will contribute a portion of its mortgage proceeds for every loan closed through Dec. 31, 2005. Maverick's more than 350 employees have been invited to make donations to the company's Katrina Fund. All money will be funneled to the American Red Cross and the American Society for the Prevention of Cruelty to Animals Disaster Relief Fund to help people and animals displaced by the deadly storm. The firm said it is waiving its lender closing costs for individuals who have been forced to relocate as a result of the disaster. The website can be found online at http://www.maverickmortgage/katrinafund.
-
The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
September 17










