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Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.