Fred Miller Jr., president and chief executive officer of the Bank of Anguilla (Miss.), has been elected chair of the board of directors of the Federal Home Loan Bank of Dallas.The FHLBank also announced the election of Pat Brister, a councilwoman for St. Tammany Parish in Mandeville, La., as vice chair. Mr. Miller, who joined the board in 1997, succeeds Henry Flores, whose term expired Dec. 31. Mr. Miller has been president of the Bank of Anguilla since 1986, and he is a past president of the Mississippi Bankers Association. Ms. Brister was named to the board in 2002 as a public-interest director. Until recently, she and her husband operated a company in Mandeville for more than 30 years, the FHLBank said. The Dallas FHLBank can be found online at http://www.fhlb.com.
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Earlier in the day, the company confirmed it made staffing reductions as it aligns its cost structure with its technology investments to help operations.
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Federal Reserve Chair Kevin Warsh acknowledged that his limited guidance might have been a factor in rising market rates, but said whatever increased volatility can be attributed to the changes is more than offset by the benefit of a more nimble central bank.
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While buyers' leverage now spans 41 of the 50 largest metros, starter-home sales fell 5.4% amid affordability concerns.
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Economic uncertainty is turning into 2026's defining theme that dictates housing market trends, according to over one-third of lenders surveyed by HomeLight.
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The approvals expand BSI's ability to support Ginnie Mae-backed digital mortgage assets across securitization and servicing, the company said.
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For the second consecutive quarter, the real estate investment trust recorded GAAP net income as it prepares to be acquired by CrossCountry Mortgage.
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