FHFB Member Moves to HUD Post

Timothy O'Neill, who has served on the Federal Housing Finance Board since 1995, has taken a new position at the Department of the Housing and Urban Development.MortgageWire has learned that Mr. O'Neill is now working as a special assistant in the Office of Housing under HUD Assistant Secretary John Weicher. Mr. Weicher usually represents HUD on the five-member Finance Board, which oversees the Federal Home Loan Banks. Alicia R. Castaneda has replaced Mr. O'Neill on the Finance Board. She was confirmed by the Senate Dec. 9 and sworn in as a director on Jan. 9. Born in Colombia, Ms. Castaneda has worked in commercial banking for 27 years, most recently as senior vice president at Bank of America's International Private Bank in Washington, D.C. Mr. O'Neill started at the Finance Board as a director of legislative affairs and later became chairman for six months in 2001.