Debra W. Still, president and chief executive of Pulte Mortgage LLC, has been nominated as vice chair-elect of the Mortgage Bankers Association. After serving as vice chair, Still will serve one year as chairwoman-elect and then become the second woman ever to hold the top post in the organization, after Regina Lowrie, in 2005-2006. Still is currently the chairwoman of MBA's Residential Board of Governors. She joined Pulte Mortgage in 1983 as a vice president/branch manager. In June 1997, she was promoted to executive vice president, production and in 1999, became chief operating officer. Still ascended to her current posts at Pulte Mortgage in August 2004. Still will become vice chair at MBA's convention in Atlanta in October.
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Declining issuances since 2022 led to a request for information regarding the future direction of the reverse mortgage program, and NRMLA and MBA responded.
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Decision makers have voiced support for lower financing costs but researchers have said achieving it could be complicated. Part 3 in a series.
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In the New Jersey case, MV Realty and its principals agreed to pay $28 million in fines and restitution for these "Homeowner Benefit Agreements."
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Absolute will add Fidelity Digital Mortgage's 55 producing loan officers to its team of roughly 190.
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The Troy, Michigan-based lender and servicer faces at least seven lawsuits over a hack in June allegedly perpetrated by a known ransomware gang.
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In a relatively mild oversight hearing in the House Financial Services Committee Tuesday morning, regulatory heads at the Federal Reserve, Office of the Comptroller of the Currency, National Credit Union Administration and Federal Deposit Insurance Corp. outlined plans for reduced capital requirements and debanking enforcement.
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