Greg C. Smith has been elected to the board of directors of Fannie Mae and appointed to the board's audit and compensation committees.Mr. Smith, 53, is executive vice president of Ford Motor Co. and its president for the Americas. He has been with Ford since 1973, and has held executive posts that included chairman and chief executive officer of Ford Motor Credit Co., Fannie Mae reported. The government-sponsored enterprise can be found online at http://www.fanniemae.com.
Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
