John K. Wulff, the non-executive chairman of the board of Hercules Inc., a manufacturer and supplier of specialty chemicals, has been elected to Fannie Mae's board of directors.Fannie Mae said Mr. Wulff will fill the unexpired term of Anne Mulcahy, who resigned in October. Mr. Wulff, who was a member of the Financial Accounting Standards Board from July 2001 to June 2003, has been appointed to the Fannie Mae board's Audit and Compensation Committee. Fannie Mae can be found on the Web at http://www.fanniemae.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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