Corey Carlisle has been named senior director for residential loan production in the Government Affairs Department of the Mortgage Bankers Association.Mr. Carlisle's MBA portfolio will include the development of industry positions on residential loan production issues such as Federal Housing Administration reform, alternative mortgage products, and appraisal reform. Mr. Carlisle was most recently first vice president of public policy and industry affairs at Countrywide Financial Corp. He previously held senior product management roles at First Franklin Financial, where he led the rollout of several successful mortgage products and services, and at Freddie Mac, where he managed strategic development projects in its Single Family Division, the MBA said. Mr. Carlisle was also a legislative assistant to Sen. Kent Conrad, D-N.D. The MBA can be found online at http://www.mortgagebankers.org.
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The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
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First Mortgage Co., a long-defunct lender led by convicted executive Ron McCord, blamed the advisory firm for his failure to accept a $20 million offer.
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Over half of all second-home inventory in the U.S. is concentrated in just eight states, with Florida leading the pack, according to analysis by NAHB.
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