The Mortgage Bankers Association has announced the leadership of its 2006 Commercial Real Estate/Multifamily Finance Board of Governors, which focuses on commercial/multifamily real estate finance policy issues and initiatives.The COMBOG officers are: Kieran Quinn, president and chief executive officer of Atlanta-based Column Financial, chair; Ed Hurley, managing director of Charlotte, N.C.-based Wachovia Securities, vice chair; and Ed Padilla, CEO of Minnesota-based NorthMarq Capital Inc., vice chair. The MBA also announced the nomination of Mr. Quinn as its vice chair-elect. He will be elected by MBA members at the association's annual convention in October. The MBA can be found online at http://www.mortgagebankers.org.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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