The Federal Home Loan Bank of Atlanta has named Richard Dorfman, a former investment banker and mortgage market consultant, to be its new president and chief executive, effective June 20."Dorfman's extensive experience and knowledge in the financial services sector, including more than 25 years managing mortgage-related products, will be a tremendous asset to the bank," said board chairman Scott Harvard. The new FHLBank president was managing director and head of a mortgage division at ABN Amro from 1997 to 2005 and previously worked at Lehman Brothers. William Ott has served as interim president and CEO of the Atlanta FHLBank since Raymond Christman resigned. The bank can be found online at http://www.fhlbatl.com.
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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.
10h ago -
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.
10h ago -
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.
April 25 -
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.
April 25