Bob Waun has been named vice president for private mortgage lending at Paramount Bank, Farmington Hills, Mich.Mr. Waun will be responsible for private mortgage banking and vacation home lending, Paramount said. A 16-year veteran of the mortgage industry, Mr. Waun ranked first in a seven-state region during his tenure with Wells Fargo Home Mortgage, the bank said.
Five years after the Champlain Towers South collapse, while overall condo sales have held steady, the Miami market has had an 8 percentage point drop in share.
Low immigration and fertility rates paired with aging boomers could weaken the foundation of housing demand over the next decade, the MBA finds.
The notice of proposed rulemaking promotes manufactured housing loans backed by personal property while advising the rollback of requirements in other areas.
The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
