Michael Fratantoni has been named to the newly created position of senior director for single-family research in the Mortgage Bankers Association's Research and Business Development group.Mr. Fratantoni was most recently director of economic and policy research in Fannie Mae's regulatory policy division. Before that, he was a senior economist in Fannie Mae's credit policy division. The MBA can be found on the Web at http://www.mortgagebankers.org.
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.
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.
Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
