Affordable housing veteran Francine C. Justa has been appointed to the Banking Board of the New York State Banking Department.Applauding the appointment, Superintendent of Banks Diana L. Taylor praised the former executive director of Neighborhood Housing Services of New York City for nearly 20 years as "a gifted and inspired woman" who has helped "not only to change the face of neighborhoods throughout the city for the better, but also the lives" of many residents for whom homeownership became a reality. Ms. Justa helped build the NHS from an affordable housing investor of $800,000 annually in 1986 to over $239 million by 2003. She was nominated to the Banking Board by New York Gov. George Pataki, and the nomination was approved by the state Senate.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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