Mary Wetterlin has been hired as general manager of TopLine Federal Credit Union to develop a first-mortgage division at its Maple Grove, Minn., headquarters.Ms. Wetterlin will be responsible for building "leading-edge" first-mortgage lending options and developing business relationships with Realtors, builders, and mortgage brokers, TopLine said. Ms. Wetterlin has 13 years of experience in mortgage banking and real estate, and was most recently branch manager of the new-construction office at CTX Mortgage Co. She was previously a branch manager at Countrywide Home Loans. Michael Edwards, TopLine's chief lending officer, said the CU's move was related to its recent expansion of membership eligibility to include everyone who lives, works, worships, volunteers, or attends school in the seven-county Minneapolis-St. Paul metropolitan area. The CU can be found on the Web at http://www.toplinecu.com.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
8h ago -
Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
9h ago -
More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
10h ago -
Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
11h ago -
The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
April 21 -
March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
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