John R. Price has been named president and chief executive officer of the Federal Home Loan Bank of Pittsburgh effective Jan. 2.Mr. Price, 66, will succeed James D. Roy, who will retire at the end of the year. Since 2001, Mr. Price has been senior adviser to the Institute of International Finance, a Washington, D.C.-based global organization with approximately 340 banks and central banks as members, according to the FHLBank. He is also president and chief executive officer of the International Financial Development Corp. Mr. Price previously spent 29 years at what is now J.P. Morgan Chase & Co., beginning in 1972 with Manufacturers Hanover. He spent his last years with the company running government relations worldwide at Chase Manhattan. The Pittsburgh FHLBank can be found online at http://www.fhlb-pgh.com.
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McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18