Patricia Ann Milon has left Fannie Mae to become chief legal officer and senior vice president for regulatory affairs at America's Community Bankers.Ms. Milon worked at Fannie Mae for seven years as vice president and deputy general counsel for regulatory, legislative, and charter compliance issues. "Patty is recognized as a top-notch lawyer with great expertise in the banking field and a thorough understanding of the issues that matter to our members," said ACB president Diane Casey-Landry. "She will be an extraordinary addition to the ACB senior management team." Ms. Milon also worked at the U.S. Treasury Department as senior counsel for financial institutions.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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