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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The consumer price index ticked up last month, bolstering arguments about broad based inflation and raising the odds of a rate hike next month.
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The ex-worker who was terminated for unprofessional conduct has allegedly disparaged the brokerage and is refusing to return loan files and leads.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
August 11 -
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
August 11 -
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
August 11 -
The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
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