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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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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