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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New-home loan activity rose 1% in August year over year, but applications fell 6% from July.
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Vieaux, currently president of Finlocker, will be stepping into the role at the Mortgage Industry Standards Maintenance Organization on Oct. 16.
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The White House said it will appeal a circuit court ruling allowing Federal Reserve Gov. Lisa Cook to remain on the central bank board while her lawsuit challenging her dismissal is litigated.
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Companies are coming up with offerings to meet certain unmet needs in the market, while others are running promotions in order to get some sectors moving again.
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As President Trump calls for scrapping quarterly earnings reports and switching to a six-month schedule, industry observers wonder whether the time saved would be worth the potential loss of transparency.
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The Senate voted 48 to 47 to confirm Stephen Miran to the Federal Reserve Board, just ahead of the central bank's rate setting committee meeting.
September 15