Fairway Independent Mortgage Corp. announced Wednesday it has acquired the assets of Hallmark Home Mortgage, a Fort Wayne, Indiana-based mortgage lender. As part of the transaction, Hallmark will become a new division of Fairway and will operate under a revised brand: Hallmark Home Mortgage, powered by Fairway. Financial terms of the deal were not disclosed. […]
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Federal Reserve Vice Chair for Supervision Michelle Bowman.Bloomberg News Newly minted Federal Reserve Vice Chair for Supervision Michelle Bowman is aiming to do something that escaped both her predecessors: finalize the U.S. implementation of the so-called Basel III framework. In her first speech since being confirmed to the central bank’s top regulatory role, Bowman outlined
Is third time the charm for Basel III endgame? Read More »
Mortgage applications picked up last week, according to the most recent numbers put out by the Mortgage Bankers Association, offering optimism for a real estate market that has been facing a prolonged period of economic uncertainty. The Mortgage Bankers Association’s weekly Mortgage Composite Index showed applications up a seasonally adjusted 12.5% from the week before,
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