The newly formed mortgage entity paid $750,000 to the bank for the release and assumption of the employees and for transfer of the VAmortgage.com domain name. Financing of the transaction is unclear.
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
The 10-year Treasury rate is declining and the possibility of a recession is growing.
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