The National Association of Mortgage Brokers has announced that its president, Harry Dinham, will serve on Fannie Mae's National Housing Advisory Council.The NHAC, consisting of 46 members from the housing, mortgage finance, and government sectors, meets with Fannie Mae's senior management three times a year to help the company "address industry challenges and maximize market opportunities," the association said. Council members serve two-year terms, with approximately half of the membership rotating off at the end of each year. "Serving on the council gives me the opportunity to further advance the cause of both mortgage brokers and homeowners on a national scale," said Mr. Dinham. NAMB can be found on the Web at http://www.namb.org.
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Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
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Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
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Regulators also accused Southern California-based E Mortgage of failing to properly supervise remote employees and cooperate with their examinations.
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While borrowing activity increased from a year ago, seasonal patterns and economic concerns suggest near-term slowing, the Mortgage Bankers Association said.
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Solve stages an acquisition, Intercontinental Exchange partners on new indices, Optimal Blue adds updates and Incenter offers a CRA loan trading platform.
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LendingTree found that during 2024, May's median price for a 1,500 square foot home was $194.20 versus January's $178.60, a difference of $23,400.
10h ago