Rick A. Smalldon has been promoted to president and chief operating officer of National City Mortgage Co., Miamisburg, Ohio.Mr. Smalldon was formerly executive vice president of the residential mortgage services unit of National City Corp., the parent holding company of National City Mortgage. The Cleveland-based National City said the unit will be integrated into National City Mortgage early next year. Mr. Smalldon was previously executive vice president and national sales manager at First of America Mortgage Co., whose parent company, First of America Bank Corp., was acquired by National City in 1998. National City can be found on the Web at http://www.nationalcity.com.
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The Request for Information follows Pres. Trump's March 13 executive order, "Promoting Access to Mortgage Credit," the Bureau said.
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Community lenders, mortgage bankers and homeowners associations want more time to gear up for certain changes but officials see reasons to stay on track.
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Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.
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June purchase demand strengthened, refinances remained steady and pull-through improved, reversing May losses.
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The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
July 9 -
Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
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