HUD Counsel Moving to FHFB

HUD associate general counsel John P. Kennedy is moving to the Federal Housing Finance Board next week to become the new general counsel at the agency that oversees the 12 Federal Home Loan Banks.He replaces general counsel Mark Tenhundfeld, who is leaving the Finance Board to join a private firm. A career attorney at the Department of Housing and Urban Development, Mr. Kennedy was charged with responsibilities in areas such as Real Estate Settlement Procedures Act reform and the affordable housing goals of Fannie Mae and Freddie Mac. Mr. Tenhundfeld has taken a position at Promontory Interfinancial Network LLC, based in Arlington, Va. Headed by former Comptroller of the Currency Eugene Ludwig, Promontory Interfinancial provides certificate of deposit services that enable banks to offer their customers deposit insurance protection of up to $15 million.