Martin F. Leibowitz, vice chairman and chief investment officer of TIAA-CREF, has been elected to the board of directors of Freddie Mac.Before joining TIAA-CREF in 1995, Mr. Leibowitz was employed by Salomon Brothers for 26 years. His last position there was managing director and director of research. TIAA-CREF is an investor in equity and fixed-income securities, including Freddie Mac's. The government-sponsored enterprise also reported the resignation from the board of James F. Montgomery, one of Freddie Mac's original board members. Freddie Mac can be found on the Web at http://www.freddiemac.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.
September 17










