PMCC Financial Corp., Roslyn Heights, N.Y., has announced the appointments of three new vice presidents.Perry J. Reeps joins PMCC as senior vice president for national wholesale lending, moving over from Pacific Thrift and Loan, where he was a vice president for the past two years. Cecile Cole was appointed vice president for subprime lending, joining PMCC from Cityscape Financial Corp., the subprime lender now in Chapter 11 bankruptcy proceedings, where she was assistant vice president for operations since 1994. Jerry Weingarten, a 26-year veteran of mortgage banking, was named vice president for secondary marketing. Since 1995, he was vice president for secondary marketing for Residential First Inc.
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Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.
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The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
July 10 -
The new Mortgage Bankers Association research adds to debate over whether Fannie Mae and Freddie Mac should allow a less costly alternative to the tri-merge.
July 10 -
Wide regional variances appeared in housing-start activity in 2025, when the traditional leading builder markets all saw numbers decline by as much as 15%.
July 10 -
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
July 10 -
Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.
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