Gary Leonard will retire as executive vice president-treasurer and chief financial officer of United Guaranty Corp. on June 30 after more than 30 years with the Greensboro, N.C.-based mortgage insurance company.UGC said its board has elected Hal G. "Tripp" Waddell III to succeed Mr. Leonard, and Gloria Beissinger will be promoted from vice president for financial planning and analysis to succeed Mr. Waddell as senior vice president and chief information officer. The board also elected Steve Clarke as senior vice president and controller, Sandra Mayfield as vice president for financial planning and analysis, and Tony Skipper as vice president and chief e-business officer, the company said. UGC can be found online at http://www.ugcorp.com.
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The Request for Information follows Pres. Trump's March 13 executive order, "Promoting Access to Mortgage Credit," the Bureau said.
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Community lenders, mortgage bankers and homeowners associations want more time to gear up for certain changes but officials see reasons to stay on track.
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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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