Brian Roseboro, the Treasury under secretary for domestic finance, has resigned from the agency after seven months on the job.Mr. Roseboro, who was sometimes quoted on issues affecting the government-sponsored enterprises, will leave the agency effective Jan. 1. As undersecretary, he was responsible for formulating policy and legislation in regard to financial institutions, including Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System. Wayne A. Abernathy, assistant Treasury secretary for financial institutions, reports to Mr. Roseboro. Mr. Abernathy is considered the administration's point person on GSE matters.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
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Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
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Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
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The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
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The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
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