Tad Lowrey, chairman, president, and chief executive officer of Jackson Federal Bank, Brea, Calif., has been named vice president of the Federal Reserve Board's Thrift Institutions Advisory Council for 2004.Mr. Lowrey has already served one year of a two-year term on the council, which consists of 12 representatives from thrift institutions, including savings and loans, savings banks, and credit unions. It meets three times a year with the Board of Governors of the Federal Reserve System to discuss developments relating to thrifts, the housing industry, mortgage finance, and certain regulatory issues.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
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Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
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A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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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.
April 25 -
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.
April 25