John Fisk has been appointed chief operating officer of the Office of Finance, the debt issuance facility of the Federal Home Loan Banks.Mr. Fisk was previously deputy managing director of the Office of Finance, overseeing debt issuance, servicing, and strategic planning. Before joining the Office of Finance, he was executive vice-president of strategic planning at Mortgage Guaranty Insurance Corp. He previously held a series of capital market and mortgage positions over 17 years at Freddie Mac, the Office of Finance reported. By the time of his departure in 2000, Mr. Fisk was executive vice-president, responsible for all single-family mortgage business. The Office of Finance can be found online at http://www.fhlb-of.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.
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 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
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.
April 25 -
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.
April 25