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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With the 10-year Treasury yield at levels not seen in 52 weeks, the 30-year fixed rate mortgage rose 15 basis points over last Thursday, Freddie Mac said.
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Artificial intelligence's ability to uncover and analyze granular data across large volumes of files may result in AI agents executing trades themselves, mortgage leaders said.
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A capital rule overhaul could make bank charters attractive to independent mortgage banks, reshaping who controls home lending in America.
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Lenders at the MBA conference say non-agency is more than just non-QM — and those still treating it as a niche product are falling behind as it becomes a core part of the business.
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Zombie properties rose quarter over quarter in 38 states and the District of Columbia, according to Attom's latest Vacant Property and Foreclosure Report.
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The House passed housing legislation that includes a slightly pared-down institutional investor housing ban, as well as a raft of community bank measures.
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