John U. Sepulveda has been named senior vice president for operations at the National Association of Mortgage Brokers.Mr. Sepulveda, who brings more than 25 years of experience in the housing industry and the federal government, was most recently chief executive officer at the National Association of Hispanic Real Estate Professionals. He previously held senior-level positions at the Federal Housing Administration and the U.S. Office of Personnel Management. Mr. Sepulveda also worked as the director of housing and industry relations at Freddie Mac. The NAMB can be found online at http://www.namb.org.
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The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
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The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
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One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
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There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
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Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
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May 10