Fannie Mae is promoting Kimberly Johnson to be the mortgage giant’s deputy chief risk officer—replacing Mark Shaw who is retiring.
Johnson was senior vice president for multifamily capital markets where she oversaw Fannie’s
“In her new role, she will be responsible for leading credit risk management oversight for the enterprise,” the government-sponsored enterprise said.
Manny Menendez will replace Kimberly as the head of multifamily capital markets.
A Colorado couple filed suit after realizing they might owe as much as $279,000 on a home equity investment contract used to obtain $88,000 in 2018.
Economists surveyed by Wolters Kluwer are scaling back rate cut expectations as Iran conflict-driven energy costs push inflation higher, complicating the Fed's path forward.
A 21.2% spike in the price of gasoline was the biggest contributor to a 0.9% increase in the Consumer Price Index in March, according to a Friday report from the Bureau of Labor Statistics. The agency said other price increases were largely contained.
Jumbo loans demand more scrutiny and documentation, but automation is streamlining the process — and lenders who master the product stand to gain in a moderately bullish market.
LoanDepot will integrate Figure's proprietary credit and loan underwriting engine into its own proprietary mello technology platform and point of sale system.
It doesn't have to be all or nothing, but all paths are complex, capital markets and policy experts in the Treasury Market Practices Group say.
