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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Lenders may not be able to fully respond to the broader government-sponsored enterprises' rollout of VantageScore 4.0 yet but there is one thing they can do now.
September 11 -
Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.
September 11 -
The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
September 11 -
The consumer price index rose 0.4% last month, in line with July's reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
September 11 -
Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
September 11 -
The current transaction has the largest collateral pool that the platform has issued all year, with 294 loans, and it has the highest percentage of conforming loans, at 45.1%.
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