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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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
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The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
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Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
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Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
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Better's home equity loan product can be originated in a week or less, the company says.
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