Former CEO of Fannie Mae said he'll resign from Better's board if former CEO returns; BAC appoints Jamie Cavanaugh as CEO; Stewart goes on acquisition spree.
A decline in median loan amounts offset a modest increase in mortgage rates, which helped lower median mortgage payments in July, according to the Mortgage Bankers Association.
MBA CEO Bob Broeksmit came to the defense of the FHA program and nonbank participants after the Wall Street Journal’s editorial board suggested nonbanks had engaged in risky underwriting under the government guarantee.
Former Meta executive named CEO of Redfin; Former Rocket Pro GM named CEO of Informed; CV3 Touts technology for growth; Knock brings buy-before-you-sell product to Texas.
Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to end support for special purpose credit programs earlier this year. But now other agencies are also ending authorization for the programs.