Scott Norman has been elected president of The Texas Mortgage Bankers Association in Austin, Texas. TMBA will focus on legislative and regulatory goals in the residential mortgage space, including establishing a statewide standard to promote financial literacy. The association consists of member firms originating over $35 billion in closed loans annually. A long-time Austin mortgage banker, Norman has been actively involved in state and federal government for over 20 years as a Capitol staffer and lobbyist. He founded the Texas Association of Reverse Mortgage Lenders Association in 1999, and served on the National Reverse Mortgage Lenders Association Board of Directors from 2005 until 2009. Currently, Norman manages the retail reverse mortgage operations in Texas for MetLife Bank.
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The filing alleges TWO executives engaged in a "stealth mission" to get the deal canceled, including subverting participation in a March shareholder vote.
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Some equity and credit agency researchers have lowered their sights in line with market changes, but their forecasts suggest stability for those that pivot.
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The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
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The arm of the asset management giant is paying over $100 million for the Cherry Hill business started in part with Freedom Mortgage over a decade ago.
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The average down payment across the list was 17.1%, well above 13.1% nationally, and the median credit score was 766, compared with 747 countrywide.
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HBT Financial in Bloomington, Illinois, has agreed to acquire Tri-County Financial Group in a deal valued $204.6 million.
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