The Department of Veterans Affairs has quietly promoted Keith Pedigo and appointed his former deputy Judy Caden to be the new director of the VA home loan program.Mr. Pedigo served as director of the VA Loan Guarantee Service for 20 years, and he said in an interview that he appreciated the industry's support for his efforts to improve the VA loan program. In his new position as associate deputy under secretary for policy and program management, Mr. Pedigo is responsible for coordinating the activities of VA benefit programs, including the home loan program. Ms. Caden was deputy director of the home loan program until she left in 2000 to be the director of education benefits and later the director of vocational rehabilitation and employment services. "When the opportunity to return to loan guarantee came up, I grabbed it," she said.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
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McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18