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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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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