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Former Ginnie Mae CEO and President Murin and Former FHA Commissioner Montgomery Form Advisory Firm
The former President and Chief Executive Officer of the Government National Mortgage Association (Ginnie Mae), Joseph Murin, and former Federal Housing Administration (FHA) Commissioner, Brian Montgomery, today announced the formation of The Collingwood Group, LLC. The firm will provide business advisory services to boards of directors and senior executives of companies in the financial services industry.rnrnIn launching the new company, the two former government officials also announced the immediate merger of the new company with Capital Financial Solutions, LLC (CFS), a consulting firm co-founded by Brian O’Reilly and Tim Rood. Established in 2007, CFS has provided services to companies in
Equity Futures Recover Ahead of Housing Data & PPI
Yesterday’s global sell-off caused the S&P 500 to lose 2.43% in a single day, its worst performance in six weeks. Thankfully, US markets are looking up this morning, following broad-based market recovery across Asia and Europe. In the US, it helps that Q2 losses from Home Depot were also more moderate than expected, due to cost-cutting.rn
Tax Credit Bouys Home Builder Confidence in August
Builder confidence in the market for newly built, single-family homes rose one point in August to its highest level in more than a year, according to the latest reading of the National Association of Home Builders Housing Market Index (HMI), released today.
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