John Fisk has been named chief executive officer of the FHLBanks Office of Finance, the debt issuance facility of the Federal Home Loan Banks, effective Jan. 1.Mr. Fisk has served as the No. 2 executive in the Office of Finance since May 2004, and is currently responsible for managing all day-to-day functions. He will succeed CEO and managing director John K. Darr, who has led the Office of Finance since 1992 and plans to retire on Dec. 31. Mr. Fisk will also become chief operating officer and president of both the Financing Corp. and the Resolution Funding Corp. on Jan. 1. Before joining the Office of Finance, Mr. Fisk was executive vice president of strategic planning at MGIC, and he previously held various capital market and mortgage positions over 17 years at Freddie Mac. By the time he left in 2000, he was executive vice president for the single-family mortgage business.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
April 19 -
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
April 19 -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
April 19 -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
April 19 -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
April 19 -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18