Fannie Mae has named four new vice presidents, including two who have worked at the Department of Justice and another who was involved in developing Mexico's mortgage industry.The four are: Gabriel Galvan, vice president for emerging markets; Joseph Grassi III, vice president and deputy general counsel for multifamily legal services; Monica Medina, vice president and deputy general counsel for corporate governance; and Jon Seward, vice president and deputy general counsel for fair lending. Mr. Galvan has worked for several technology-related firms during his career, including IBM, and he was assigned to Mexico in 1995 and "was heavily involved in the development of the mortgage industry in that country," according to Fannie Mae. Mr. Grassi joined Fannie in 1994 -- from Freddie Mac. Ms. Medina was a partner in a private law firm and was previously deputy associate attorney general at the DOJ. Mr. Seward was a deputy chief at the DOJ and also a trial attorney in the fair housing division of the Department of Housing and Urban Development. Fannie Mae can be found online at http://www.fanniemae.com.
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A new class action lawsuit accuses the banking giant of failing to lower borrowers' interest rates following a series of Federal Reserve rate cuts.
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The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
July 8 -
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
July 8 -
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
July 8 -
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
July 8 -
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
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