Colleen Hernandez has been named president and executive director of the Homeownership Preservation Foundation, Minneapolis, effective July 5.Ms. Hernandez was executive director of the Kansas City Neighborhood Alliance for 18 years, and she was most recently the principal of Hernandez Consulting LLC, which specializes in affordable housing and community development. She served on the board of directors of the Federal Reserve Bank of Kansas City for six years and on the Consumer Advisory Council to the Federal Reserve Board, the Homeownership Preservation Foundation said. The foundation, a nonprofit organization dedicated to reducing foreclosures and preserving homeownership, can be found online at http://www.hpfonline.org.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
6h ago -
Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
7h ago -
More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
8h ago -
Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
9h ago -
The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
11h ago -
March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
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