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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A federal judge ruled that acting Consumer Financial Protection Bureau director Russell Vought unlawfully refused to request agency funding from the Federal Reserve Board, dealing a procedural blow to a legal argument that the Fed can only fund the CFPB when it turns a profit.
March 15 -
A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill.
March 13 -
A federal judge wrote in an opinion that a "mountain of evidence" suggests the subpoenas were an effort to push Federal Reserve Chair Jerome Powell to lower interest rates or resign.
March 13 -
The Supreme Court heard arguments in a case revolving around whether a county violated the rights of a homeowner whose home was foreclosed on for owing taxes.
March 13 -
Borrower equity fell $78.8 billion, or 0.5%, year over year in Q4, according to Cotality's Home Equity Report. That's an average decrease of $8,500.
March 13 -
Lennar's first fiscal quarter earnings were down by more than half after three years of persistent trials which are testing consumer confidence and sentiment.
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