Tarullo was appointed to the Board of Governors by President Barack Obama on Jan. 28, 2009, for an unexpired term ending Jan. 31, 2022. During this tenure, he served as chairman of the Board's Committee on Supervision and Regulation and chairman of the Financial Stability Board's Standing Committee on Supervisory and Regulatory Cooperation. Prior to joining the central bank, he was a law professor at Georgetown University and served in the Clinton Administration and on the staff of the late Senator Edward M. Kennedy (D-MA).
Tarullo offered no explanation on why he was leaving the Fed prior to the conclusion of his term. With his departure, the seven-person board will have three vacancies to fill.
Only the fourth time in eight years IMBs show net production losses.
Independent mortgage banks and mortgage subsidiaries of chartered banks on average showed a net loss of $82 for every loan originated in the second quarter of 2022. That’s a drop of over $300.
That number is a large reason why only 57% of companies were profitable in the Mo...
Redfin says a number of metrics that reflect a cooling market are now leveling off.
The housing-market slowdown is starting to slow down, according to a new report from Redfin.
The technology-powered real estate brokerage said fewer homeowners are listing their homes due to ebbing homebuyer demand, and that’s hampering the recent growth in housing supply ...