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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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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