Timothy Sandos, a former emerging-markets executive at CitiMortgage, has been named president and chief executive officer of the National Association of Hispanic Real Estate Professionals.Mr. Sandos, who served a two-year term on NAHREP's national board, was most recently executive vice president of emerging markets at St. Louis-based CitiMortgage, which acquired his previous employer, Principal Residential Mortgage. He was previously state vice president and chief operating officer at Qwest Communications. NAHREP can be found online at http://www.nahrep.org.
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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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