Richard Karl Goeltz, a former vice chairman and chief financial officer of American Express Corp., has been elected to the board of directors of Freddie Mac.Before joining American Express, Mr. Goeltz was group CFO and a member of the board of National Westminster Bank and executive vice president for finance and CFO at The Seagram Co. Ltd., Freddie Mac said. He is a former member of the Financial Accounting Standards Board Advisory Council and of the United Kingdom's Accounting Standards Board.
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Experts have some tips for how to best employ strategies that can minimize the damage from changes in the market.
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Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
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Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank's website is down. The bank has given no restoration date.
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It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
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The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.
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While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
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