President Obama has named Carol Galante, a nonprofit multifamily builder, deputy assistant secretary in charge of the Department of Housing and Urban Development's multifamily program.Ms. Galante joins HUD from Bridge Housing Corp., which specializes in affordable homes in the California market. At HUD she will be in charge of the FHA's multifamily program, in particular financing and support for the government's $58 billion worth of privately owned rental properties. Ms. Galante joined Bridge in 1987 and was named president in 1996.
-
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









