The Freddie Mac Foundation has elected Ralph F. Boyd Jr. as its new chairman. Mr. Boyd replaces Freddie Mac chairman and chief executive officer Richard F. Syron, who the government-sponsored enterprise said stepped down from the foundation post "to focus more attention on key legislative and business issues facing the company."In addition to serving as foundation chairman, Mr. Boyd also will continue to serve as a Freddie Mac senior corporate officer in the role of executive vice president of community relations. Mr. Syron will continue to serve on the foundation's board. Freddie Mac can be found on the Web at http://www.freddiemac.com.
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The San Diego company was back in the black with a net income of $28.5 million in the first quarter of 2024, up from a net loss of $93 million the previous quarter.
10h ago -
The agreements at the heart of the hearing did not cover the one reached with the National Association of Realtors or those people that only bought homes.
10h ago -
Feds say Chicago businessman Mark Steven Diamond defrauded at least 80 victims and caused at least $6 million in losses.
11h ago -
Fannie Mae's tool, used by originators to determine income levels for self-employed borrowers, aims to help them avoid potential underwriting errors, the government-sponsored enterprise said.
May 9 -
The 30-year fixed rate mortgage fell for the first time in six weeks as the Federal Open Market Committee meeting outcome is finally priced in.
May 9 -
The home purchase market right now is healthier than it was last year, said CEO Mat Ishbia, noting a 24% increase in volume over the recent period compared to Q1 2023.
May 9