Beth Wilkinson has been named executive vice president and general counsel of Fannie Mae, and Bill Senhauser has been named senior vice president and chief compliance officer, according to the government-sponsored enterprise.Ms. Wilkinson joins Fannie Mae from Latham & Watkins LLP, where she is a partner. She was previously special attorney to the U.S. attorney general, serving as a prosecutor in the U.S. v. McVeigh and Nichols cases, Fannie Mae said. She has also served as the principal deputy in the Terrorism & Violent Crime Section of the U.S. Department of Justice's Criminal Division. Mr. Senhauser, whose appointment followed a nationwide search, will lead the GSE's Office of Compliance, Ethics and Investigations. He was previously vice president of Fannie Mae's Regulatory Agreements and Restatement Team. Mr. Senhauser joined Fannie Mae in 1999 as vice president and deputy general counsel. Before that, he was executive director of the Equal Justice Foundation and senior trial attorney in the Civil Rights Division of the U.S. Department of Justice.
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The investment property owner says she was stonewalled and humiliated by BofA's loan officers, and that an error-riddled appraisal was short by over $70,000.
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An independent auditor raised "substantial doubt" about the company's viability as it may not be able to extend forbearance deadlines on massive debts.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
April 21 -
Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
April 21 -
More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
April 21 -
Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
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