Jill Spencer has been promoted to executive vice president and chief operating officer of the Federal Home Loan Bank of Atlanta.Ms. Spencer, who was formerly EVP and general counsel, will oversee the FHLBank's administrative services, community investment services, corporate communications, credit and collateral, government relations, human resources, legal services, and strategic planning functions. The FHLBank also announced several other appointments. Greg Mayfield, formerly vice president of legal services, has been named senior vice president and general counsel and Charles Abbitt has joined the bank as chief credit officer. Cathy Adams has been promoted from group vice president for human resources and administrative services to senior vice president.
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Earlier in the day, the company confirmed it made staffing reductions as it aligns its cost structure with its technology investments to help operations.
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Federal Reserve Chair Kevin Warsh acknowledged that his limited guidance might have been a factor in rising market rates, but said whatever increased volatility can be attributed to the changes is more than offset by the benefit of a more nimble central bank.
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While buyers' leverage now spans 41 of the 50 largest metros, starter-home sales fell 5.4% amid affordability concerns.
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Economic uncertainty is turning into 2026's defining theme that dictates housing market trends, according to over one-third of lenders surveyed by HomeLight.
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The approvals expand BSI's ability to support Ginnie Mae-backed digital mortgage assets across securitization and servicing, the company said.
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For the second consecutive quarter, the real estate investment trust recorded GAAP net income as it prepares to be acquired by CrossCountry Mortgage.
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