Stillman Knight Jr. has left the Department of Housing and Urban Development, where he was in charge of the FHA multifamily program, to join a nonprofit foundation that owns and rehabilitates affordable rental properties.Reba Cook is now the acting deputy assistant secretary overseeing the Federal Housing Administration multifamily program. Mr. Knight was a multifamily developer and builder before joining HUD in 2003. He starts his new job as executive vice president for the National Housing Partnership Foundation Aug. 8. Earlier this year, Mr. Knight was mentioned as a possible candidate for FHA commissioner, but the president chose White House staffer Brian Montgomery.
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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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Mortgage applications rose 3.8% on a seasonally adjusted basis from one week prior for the period ending June 12, according to the MBA's Market Composite Index.
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The clarification spells out what banks can share to stop scams. The Bank Policy Institute welcomed it but wants Congress to write the protection into law.
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The decline in non-owner occupied acquisitions came as sales fell overall due to high mortgage rates and bad winter weather in the Northeast, BatchData said.
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The Fathom Holdings purchase bolsters the retail platform's ambitions to become a one-stop shop for all homeownership needs, Bed Bath & Beyond's CEO said.
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