Louis J. Freeh, a former director of the Federal Bureau of Investigation, has been elected to the board of directors of Fannie Mae.Mr. Freeh, who will serve on the board's compliance and compensation committees, is president of Freeh Group International LLC, a Delaware-based practice of former federal judges and former senior FBI leaders who provide legal, governance, investigative, litigation, and risk management services. Mr. Freeh served as general counsel, corporate secretary, and ethics officer at MBNA Corp., as well as vice chairman of MBNA America Bank NA from 2001 to 2006, Fannie Mae said. Before serving as director of the FBI from 1993 to 2001, he was the U.S. district judge for the Southern District of New York from 1991 to 1993. Fannie Mae can be found online at http://www.fanniemae.com.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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