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Kathleen Zadareky, FHA's head of single-family housing, leaving for SunTrust
Kathleen Zadareky, who currently serves as the deputy assistant secretary for single-family housing for the Department of Housing and Urban Development, will soon leave that position and join the private sector with SunTrust Mortgage.
Bank of America to consolidate North Texas mortgage operations
Another one of the vestiges of Countrywide's past is about to disappear, as Bank of America is set to close and sell a facility in Ft. Worth, Texas that once housed as many as 3,000 Countrywide employees. But the move will not lead to any job cuts, according a report from the Dallas Morning News.
Freddie Mac readies sale of $783 million in non-performing loans
Freddie Mac announced recently that it plans to sell $783 million in non-performing loans that are currently held in its investment portfolio as part of its third NPL sale of 2016. Here are the details.
Urban Institute: Selling NPLs to investors works. Here's how to make it better
Researchers from the Urban Institute are already on the record with their view that more pools of non-performing loans need to be sold to private investors, but a new article posted on the Urban Institute's Urban Wire blog on Housing and Housing Finance suggests that more steps need to be taken to ensure a mutually beneficial result for all parties involved in a non-performing loan sale.
'Face of the housing crisis' exonerated by Appeals Court Countrywide Hustle ruling
Lost in the shuffle of the United States Court of Appeals for the Second Circuit's decision to toss the $1.27 billion penalty against Bank of America was the fact that the court also overturned the fraud charges and voided the $1 million penalty against Rebecca Mairone. Mairone is the same person who the New York Times once referred to as the "face of the housing crisis."