C. Kent Conine, a home and apartment builder from Dallas, has been elected as 2003 president of the 205,000-member National Association of Home Builders.He is president of Conine Residential Group, which specializes in single-family building, single-family subdivision development, and multifamily development, and was appointed by former Gov. George W. Bush to the board of the Texas housing finance agency. Elected to serve with Mr. Conine were Bobby Rayburn of Rayburn & Associates in Jackson, Miss., as first vice president; David F. Wilson of Wilson Construction in Ketchum, Idaho, vice president/treasurer; and David Pressly of Pressly Development Co. Inc. in Statesville, N.C., vice president/secretary.
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Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.
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June purchase demand strengthened, refinances remained steady and pull-through improved, reversing May losses.
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The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
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Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
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The Rithm subsidiary plans to reduce its involvement in decentralized operations through an agreement with the American Pacific Mortgage affiliate.
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A week after falling to its lowest point since mid-May, the 30-year fixed rate mortgage turned higher as the 10-year Treasury rose 15 basis points since June.
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