Lending

May 17, 2013
Reverse mortgage legislation approved by Texas House

The Texas House of Representatives approved legislation that would reverse mortgage lending in Texas....

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Flagstar CEO steps down, moves to his old position

An executive shake-up swept through Flagstar Bancorp this week. The Michigan-based firm says current CEO and President Michael Tierney is stepping down from the top job and returning to his previous position, executive vice president of personal financial services. Taking his place is Alessandro DiNello, who was named CEO and president.

FHFA director nomination may be pushed to back burner

The IRS scandal brewing in Washington D.C. may prompt Senate Republicans to put Rep. Mel Watt’s nomination to lead the FHFA on the back burner for now, analysts with Compass Point Research & Trading said this week.

ReWired

Lots of chatter over the HECM program without a clear solution

The reverse equity debate inside the Rayburn House Office Building reached a boiling point Thursday as representatives from the Federal Housing Administration listened to lawmakers fire off questions about the importance, or lack thereof, of the reverse mortgage program.

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