Arthur Fleming has joined the National Community Capital Association, a national network of more than 160 private-sector community development financial institutions, as executive vice president and chief lending and investment officer.Mr. Fleming, who was most recently senior director for the Southeast region of the Fannie Mae Foundation, will lead the NCCA's new strategy to increase the volume of financing available in emerging domestic markets, the association said. At GMAC Mortgage, Mr. Fleming was senior vice president and managing director of the Housing Initiatives Group. Before joining GMAC, Mr. Fleming was the founder and executive director (from 1990 to 1999) of the Community Financing Consortium in South Florida. The NCCA, can be found online at http://www.communitycapital.org.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
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Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
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A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25