Washington state industry appointments update - 06/28/2006

Aug 01, 2006

TMBA honors Robert D. GardnerMortgagePress.comTexas Mortgage Bankers Association The Texas Mortgage Bankers Association (TMBA) honored Robert D. Gardner, owner of Gardner Financial Services Inc., with the 2006 Distinguished Service Award at TMBA's 90th Annual Convention on May 23 at the Hyatt Regency Hill Country Resort in San Antonio. Since 1953, TMBA has recognized an individual each year who provides extraordinary leadership and service to the association and the mortgage banking industry, the contributions of whom go above and beyond those of ordinary service. Austin-based TMBA is a trade association dedicated to protecting the livelihood of mortgage bankers and other real estate professionals in the state of Texas. For more information, call (512) 480-8622 or visit www.texasmba.org.

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Aug 01, 2006

Operations

Fairway Acquires Hallmark Home Mortgage Through Asset Purchase

Hallmark to become new Fairway division, gets access to Fairway's Fairway's product portfolio, tech, and support resources

Fairway Independent Mortgage Corporation, one of the largest retail mortgage lenders in the U.S., has agreed to acquire Hallmark Home Mortgage. Terms of the transaction were not disclosed, but Fairway will purchase “significant assets” of Indiana-based Hallmark, whic...

Regulation and Compliance

Trigger Leads Bill Clears Senate

Final push now left to House; reconciled bill needed next

The U.S. Senate has passed the Homebuyers Privacy Protection Act (S. 1467), bringing the mortgage industry one step closer to curbing the controversial use of mortgage trigger leads. The Mortgage Bankers Association (MBA) applauded the June 12 vote, which follows earlier pro...