FHA Commissioner David Stevens and Chief Risk Officer Bob Ryan have a tough job: Move mortgage finance forward, even during the industry’s darkest days. Together the two are charting a new path toward the future for the federal agency, which provides mortgage insurance on loans made by FHA-approved lenders.
Lighting the way
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Rocket delivers $291M profit amid improved margins and MSR acquisitions
The Detroit-based lender reported a GAAP net income of $291 million from January to March, its highest profit level in two years.