John U. Sepulveda, a former Clinton administration official and Freddie Mac executive, has been named chief executive officer of the National Association of Hispanic Real Estate Professionals.The San Diego-based NAHREP said Mr. Sepulveda was deputy director of the Office of Personnel Management during the latter half of President Bill Clinton's second term. He was also a senior executive at the Department of Housing and Urban Development. At Freddie Mac, he was director of industry and housing outreach and the company's chief liaison to Latino leaders and organizations, the association said.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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