Joseph C. Shalla has joined Clarkston State Bank, Clarkston, Mich., in the newly created post of senior mortgage banker, marking the bank's entry into the mortgage sector.Mr. Shalla, 56, was most recently the lending manager at New Century Bank, where he was responsible for all aspects of the mortgage department, Clarkston said. Before that, he held similar responsibilities at Lakeside Community Bank. "Our entry into the mortgage sector is a key step in our strategic plan and aimed at both generating additional fee income and expanding our product portfolio to better serve our customers," said Dawn M. Horner, president and chief executive officer of Clarkston.
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The Request for Information follows Pres. Trump's March 13 executive order, "Promoting Access to Mortgage Credit," the Bureau said.
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Community lenders, mortgage bankers and homeowners associations want more time to gear up for certain changes but officials see reasons to stay on track.
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Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.
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June purchase demand strengthened, refinances remained steady and pull-through improved, reversing May losses.
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The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
July 9 -
Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
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