Charles A. Bowsher, a former comptroller general of the United States, has been named the private-citizen director on the board of directors of the Office of Finance, and as such, he will be chairman of the board.Mr. Bowsher was appointed to a three-year term. In addition to serving as comptroller general for 15 years after his appointment to that post in 1981 by President Ronald Reagan, Mr. Bowsher has served on several corporate boards and is currently on the advisory board of the Public Company Accounting Oversight Board, the Office of Finance said. The Office of Finance is the debt issuance facility of the Federal Home Loan Banks. It can be found online at http://www.fhlb-of.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.
September 24









