Gov. Rick Perry of Texas has canvassed the results of the Sept. 13 constitutional amendment election, putting into effect a new state law on home equity lending.The highlights of the law include giving Texas lenders the right to extend home equity lines of credit for the first time and adding a cure provision to an earlier Texas law on home equity lending. Even with the new law, though, Texas remains the most restrictive state in the nation in relation to such lending.
Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
