FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

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Cordray announces leadership appointments at CFPB

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Consumer Financial Protection Bureau Director Richard Cordray announced leadership changes at the consumer rights bureau Thursday. The newly appointed director selected Raj Date as the agency's first deputy director. Date served as the bureau's de facto leader while Cordray's own appointment remained in limbo during the past six months. President Obama appointed Cordray to the CFPB director post while the Senate was in recess this week. Date lead the agency's operations since its launch last July. He originally joined the bureau as head of research, markets and the regulations division. Shortly thereafter, Date assumed the role as special advisor to Treasury Secretary Timothy Geithner, filling a post vacated by the bureau's architect Elizabeth Warren. Cordray also named Kent Markus assistant director of the office of enforcement. Prior to this appointment, Markus was serving as deputy assistant director of the office of enforcement. He previously served Ohio's governor as chief legal counsel. Write to Kerri Panchuk.

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