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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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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









