Jan Garrett-Walker has been named vice president for product development at PMI Mortgage Insurance Co., Walnut Creek, Calif.Ms. Garrett-Walker joined PMI as a marketing manager, and was named a director of structured transactions and capital markets in 1998. She was previously a secondary market officer at First Nationwide Bank and assistant vice president for product development at North American Mortgage. PMI is a subsidiary of The PMI Group Inc., which can be found on the Web at http://www.pmigroup.com.
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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.
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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.
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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%.
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The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
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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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