Senior vice presidents from Fannie Mae and Freddie Mac have been named to the board of directors of Chicago-based National Equity Fund Inc., a national syndicator of low-income housing tax credits.Michael C. May, a senior vice president in Freddie Mac's Multifamily Sourcing Division, has been with the government-sponsored enterprise since 1983. He has held SVP positions in operations; mortgage sourcing, operations, and funding; and multifamily operations. Carolyn B. Groobey is a senior vice president of corporate strategy at Fannie Mae. She was previously with McKinsey & Co. for 13 years. National Equity Fund can be found on the Web at http://www.nefinc.org.
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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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