Lending

May 19, 2013
Monday Morning Cup of Coffee: Investors keep sights on real estate
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Reverse mortgage legislation approved by Texas House

The Texas House of Representatives approved legislation that would reverse mortgage lending in Texas. Before it can become a law, the legislation will go to voters in Texas on November 5th for approval.

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.

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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