Ernest "Lee" Puschaver has been named chief financial officer of the Federal Home Loan Bank of Atlanta, and W. Wesley McMullan has been promoted to executive vice president and director of the bank's Financial Management Division.In addition, Praveen Jha has been hired as senior vice president and director of member sales and trading at the bank. The FHLBank said the actions are aimed at strengthening its risk management and customer service and preparing it for Securities and Exchange Commission registration. Mr. Puschaver replaces Gary Glass, who retired as CFO in November after serving the bank for 30 years in a variety of roles, the FHLBank said. Mr. Puschaver was director of finance and chief accounting officer of FleetBoston Financial Corp. from 2000 through 2004. Mr. McMullan was formerly the FHLBank's senior vice president of member sales and trading. The FHLBank of Atlanta can be found online at http://www.fhlbatl.com.
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The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
April 24 -
The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
April 24 -
Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
April 24 -
But in its earnings release, parent company Hilltop Holdings warned its full year 2026 results are going to be impacted by things outside of its control.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
The bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants in North Carolina, according to a study from the Americans for Financial Reform Education Fund.
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