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Citigroup Inc. Chief Executive Officer Jane Fraser met with President Donald Trump on Wednesday to pitch public stock offerings for mortgage giants Fannie Mae and Freddie Mac. 

MBA urges GSEs to drop tri-merge credit rule, calling it outdated and costly as FHFA weighs broader credit reporting and scoring reforms.

Faheem Shakeel, Damco Solutions' VP for Insurance, is a veteran of insurance technology strategy. He has been instrumental in developing proprietary, homegrown products that cater to diverse customer needs. Shakeel has played a pivotal role in leveraging AI to build advanced solutions that enhance process automation, streamline workflows, and optimize operations in the complex and ever-evolving insurance landscape. His strategic vision and technological acumen continue to drive innovation, enabling insurers to stay ahead in a competitive market.

One loan sale is planned for Wednesday, while the other is tentatively happening in September. All-in-all, the two offerings are worth close to $1 billion.

The company also added a new marketing executive to drive growth, with current expansion coming after it also secured an origination purchase deal last month.

While the company exceeded analyst expectations on several fronts, its Q3 outlook includes softer revenue and a slide back into negative EBITDA.

With federal oversight easing, Rhode Island joins states pushing cybersecurity laws for finance companies not covered by federal bank regulators.

Nilay Doshi is a Senior Partner of Insurance Consulting at Wipro.

The mortgage numbers are a welcome boost to a market that has struggled to overcome high costs and prolonged economic uncertainty.