Baker Donelson establishes sub-prime task force

Oct 09, 2007

NAHREP establishes new code of ethicsMortgagePress.comHispanic real estate professionals The National Association of Hispanic Real Estate Professionals (NAHREP) has announced the release of En Confianza: The NAHREP Code of Trust, a code of ethics that all members will be required to follow when conducting business. NAHREP's goals in penning the new code were to regain and maintain the public's confidence, protect all consumers and sustain and increase the rate of Hispanic homeownership. NAHREP is a nonprofit trade organization based in Washington, D.C. For more information, call (800) 964-5373 or visit www.nahrep.org.

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Oct 09, 2007

Analysis and Data

Mortgage Industry Despairs Over Positive Jobs Report

Leading to 'crushed' expectations of another significant rate cut

The September jobs report came back with flying colors, adding far more jobs than Wall Street economists projected while the unemployment rate ticked down, leading to what can only be called a crushing defeat for mortgage professionals. In response, the average rate for the ...

People On The Move

Pennymac Shakes Up Capital Markets Team

William Chang, Pennymac’s long-time capital markets leader, to "pursue other interests in the mortgage banking industry."

PennyMac Financial Services, Inc. and PennyMac Mortgage Investment Trust announced Thursday that William Chang will step down from his roles as Senior Managing Director and Chief Capital Markets Officer at PFSI, and Senior Managing Director and Chief Investment Officer at PM...