The Federal Reserve kept its finger on the pause button and opted against a new rate hike. The central bank’s policymaking Federal Open Market Committee unanimously approved this decision. In a statement, the Committee said it would maintain the target range of the...
Wells Fargo (NYSE:WFC) announced Thomas R. Nides has resigned as its vice chairman, one month after he joined the company. Nides joined Wells Fargo after retiring in July as U.S. Ambassador to Israel, a post he had held since 2021. In announcing his departure, Nides...
Cenlar FSB, a Ewing, New Jersey-based mortgage loan subservicer, has named David Schneider as the company’s president. Schneider joined the company earlier this year as chief financial officer. Before coming to Cenlar, he was the president of CitiMortgage, president...
Tredway, a New York City-based affordable and mixed-income real estate developer, has added David Rattner to its investments team as a vice president. In his new role, Rattner will be responsible for underwriting, structuring and leading the development of affordable...
The federal banking regulators are completing an update to a Carter administration-era legislation designed to erase redlining and secure more lending in lower-income neighborhoods by banks. The Federal Reserve voted six to one today to complete the updating of the...
As the National Association of Realtors (NAR) is in the legal spotlight with an ongoing class-action lawsuit in Kansas City, the U.S. Department of Justice (DOJ) is reportedly preparing to pursue a federal antitrust suit despite being under a court order to abide by a...
Hits and Misses for the Real Estate Week of Aug. 10-14
