Frederick B. "Bart" Harvey III, a leader in promoting affordable housing, has been elected to the board of directors of Fannie Mae. Mr. Harvey, 59, retired as chairman of Enterprise Community Partners in March after 24 years with the foundation, of which he was chief executive officer from 1994 to 2007. Fannie Mae said Mr. Harvey worked with Congress to help create the Low Income Housing Tax Credit. "Bart is a perfect addition to Fannie Mae's board -- his life's work represents everything our mission is about: harnessing private enterprise to expand affordable, sustainable housing opportunities," said Daniel H. Mudd, Fannie's president and CEO. Fannie can be found online at http://www.fanniemae.com.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
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A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
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The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
9h ago -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
10h ago -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
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