John K. Wulff, the non-executive chairman of the board of Hercules Inc., a manufacturer and supplier of specialty chemicals, has been elected to Fannie Mae's board of directors.Fannie Mae said Mr. Wulff will fill the unexpired term of Anne Mulcahy, who resigned in October. Mr. Wulff, who was a member of the Financial Accounting Standards Board from July 2001 to June 2003, has been appointed to the Fannie Mae board's Audit and Compensation Committee. Fannie Mae can be found on the Web at http://www.fanniemae.com.
-
The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
5h ago -
Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
5h ago -
Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
8h ago -
Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
8h ago -
The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
11h ago -
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.
11h ago







