Raymond R. Christman will retire on Jan. 31 as president and chief executive officer of the Federal Home Loan Bank of Atlanta, according to the FHLBank.Mr. Christman oversaw the bank during a period in which it grew from $50 billion to $144 billion in assets and increased its affordable housing program grants, the FHLBank said. The bank said its board of directors has named William Ott as interim president and CEO. Mr. Ott is president of PEAC Ventures Inc., a firm that advises corporate boards and executives. He previously held senior positions at First Data Corp. and Bank of America. The FHLBank can be found on the Web at http://www.fhlbatl.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
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In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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