Michael Edwards, group executive vice president and treasurer of Citizens Bank of Rhode Island and Citizens Financial Group Inc., has been elected to the board of directors of the Federal Home Loan Bank of Boston.Mr. Edwards was elected to a three-year directorship that had been redesignated by the Federal Housing Finance Board from Connecticut to Rhode Island effective Jan. 1, 2007. The Finance Board redesignated one of the two Connecticut seats, creating a second Rhode Island seat, in response to an increase in proportionate shareholdings of the bank's Rhode Island members, the FHLBank said. The bank can be found on the Web at http://www.fhlbboston.com.
-
Credit risk transfers, a means by which banks can move risk off their balance sheets, earned considerable bipartisan support in a House Financial Services subcommittee hearing Wednesday.
April 22 -
The addition of HELOCs at SoFi comes alongside the launch of a new advisory group, as the company heightens its focus on real estate lending.
April 22 -
The enterprises also still plan to add FICO 10T but the release of the historical data stakeholders in their market can use to assess it has taken longer.
April 22 -
Builder mortgage units saw Q1 profit slides (NVR down 17%) despite an 11% rise in new home loan applications. Overall homebuilder net income dropped, and sales incentives remain high.
April 22 -
Toll Brothers' purchase of Buffington Homes of Arkansas will extend its national outreach with a strong presence in northwest Arkansas, the company said.
April 22 -
Treasury Secretary Scott Bessent on Wednesday defended cuts to the Community Development Financial Institution Fund in the president's 2027 budget, telling the Senate Appropriations Committee that the program had pursued a "partisan wish list."
April 22










