Regina Lowrie, outgoing chairman of the Mortgage Bankers Association, has joined The Prieston Group, a Novato, Calif.-based provider of mortgage fraud insurance, as a principal.Ms. Lowrie, a 29-year veteran of the mortgage banking industry, is currently president and chief executive officer of RML Investments Inc., a consulting firm. She was previously the founder and president of Gateway Funding Diversified Mortgage Co., Horsham, Pa. "I believe mortgage fraud against lenders is one of the most troubling issues facing our industry today and that TPG's promotion of industrywide best practices is a key component in addressing this problem," Ms. Lowrie said. TPG, which also provides fraud-related training and loss mitigation, can be found on the Web at http://www.priestongroup.com.
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The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
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March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
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First Mortgage Co., a long-defunct lender led by convicted executive Ron McCord, blamed the advisory firm for his failure to accept a $20 million offer.
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About two-thirds of respondents to a NewDay survey said their education about the benefit was lacking either during their time in the service or afterwards.
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Banks are pushing back on the Consumer Financial Protection Bureau's draft of a five-year strategic plan, which includes a notable pullback from supervising nonbanks.
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Over half of all second-home inventory in the U.S. is concentrated in just eight states, with Florida leading the pack, according to analysis by NAHB.
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