The Federal Home Loan Bank of Dallas has announced the appointment of seven new members to its advisory council.The new members are: Mary Ann Chavez, executive director of the Socorro County [N.M.] Housing Authority; Helena Cunningham, president of the Louisiana Housing Finance Authority; Mac Dodson, president of the Arkansas Development Finance Authority; Phillip Eide, vice president of the Enterprise Corp of the Delta in Jackson, Miss.; Shari Flynn, executive director of the Lubbock [Texas] Housing Finance Corp.; Wiley Hopkins, executive director of the Housing Authority of Travis County in Austin, Texas; and Sharron Welsh, executive director of the Santa Fe [N.M.] Housing Trust. The council consists of 15 representatives from state, community, and nonprofit organizations that advise the FHLBank's board of directors on affordable housing and economic development. The FHLBank can be found online at http://www.fhlb.com.
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Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
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It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
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The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.
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While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
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More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
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Seller-impersonation attempts more than doubled in two years, with artificial intelligence providing fraudsters new tools to commit crimes, a report said.
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