Fannie Mae has announced the appointment of 26 new members to its 55-member Housing Impact Advisory Council, which meets three times a year with the company's senior management to discuss affordable housing issues.One of the new appointees, Lloyd W. Brown II, senior vice president and division executive for the Bank of New York's community development division, will co-chair the council along with returning member Loretta A. Armenta, president and chief executive officer of the Albuquerque Hispano Chamber of Commerce. Council members include civic leaders; executives of nonprofit organizations, state housing agencies, and financial institutions; developers; and professionals in the fields of law, housing, and real estate. Members serve staggered two-year terms. Fannie Mae can be found online at http://www.fanniemae.com.
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A potential end to the Iran War could lead to economic recovery, suggesting sub-6% rates may be far off as monetary policy discussions take a hawkish tone.
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A potential deletion from a long-standing regulatory definition has banks questioning how to classify vast swaths of their lending books.
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As the capital rule's comment period closes, some experts express concern about proposed changes that may impact nonbanks reliant on warehouse financing.
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Guidance documents from the Consumer Financial Protection Bureau and Treasury's Financial Crimes Enforcement Network heightening bank scrutiny of individual tax identification numbers in mortgage applications could discourage banks from issuing those kinds of loans.
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The newly minted Fed chairman announced working groups for his five top policy priorities and strictly refrained from forward guidance in his debut press conference Wednesday afternoon.
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Active listings reached 1.4 million homes, a 4.3% increase year over year, while sales fell 1.2%, which came in better than expectations, Homes.com said.
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