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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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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