Mego Mortgage Corp., Atlanta, has named William Paul Ralser as president and chief operating officer of the company, replacing Jeffrey S. Moore, who has resigned.Mr. Ralser has been a director of Mego since July. Since July 1996 he had been chairman and president of First Fidelity Bancorp Inc., a California-based thrift and loan company. Prior to that, Mr. Ralser was executive vice president of Countrywide Funding Corp., Calabasas, Calif. Mr. Moore was a founder of Mego, and until the company's recent recapitalization, he served as chairman. When Champ Meyercord was named as Mego's new chairman and chief executive, Mr. Moore became the company's president.
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Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.
11h ago -
The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
11h ago -
The new Mortgage Bankers Association research adds to debate over whether Fannie Mae and Freddie Mac should allow a less costly alternative to the tri-merge.
July 10 -
Wide regional variances appeared in housing-start activity in 2025, when the traditional leading builder markets all saw numbers decline by as much as 15%.
July 10 -
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
July 10 -
Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.
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