The CSI Cos., a Jacksonville, Fla.-based staffing firm, recently announced the addition of mortgage industry veteran Deane W. Hall to its board of directors.Mr. Hall has more than 30 years of experience in the mortgage industry, including senior management positions with Fannie Mae, CSI said. He retired from JP Morgan Chase in April 2006 after 17 years of management responsibility with its mortgage subsidiary, Chase Home Finance, including service as an executive vice president and a member of the board. CSI said it works with a wide range of companies nationwide and has been "particularly successful" in working with the mortgage/banking industry in the Southeast. It can be found online at http://www.thecsicompanies.com.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
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Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
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More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
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Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
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The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
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March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
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