Freddie Mac has announced the deadlines for submitting stockholder proposals and director nominations to be included in the proxy statement for its annual stockholders' meeting and for qualifying to introduce proposals and nominations from the floor.To be considered for inclusion in the proxy statement, stockholder proposals must be submitted in writing to Freddie Mac and received by Jan. 30, the government-sponsored enterprise said. The deadline for receipt of written proposals and nominations to be introduced from the floor is Feb. 8. Freddie Mac said it expects to provide an annual report for 2002 at the stockholders' meeting, which it said will be held in the first quarter. Submissions should be sent to Corporate Secretary, Freddie Mac, 8200 Jones Branch Drive MS 200, McLean, Va. 22102. Procedural requirements for submissions can be found on Freddie Mac's website at http://www.freddiemac.com.
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Michael Barr said he believes artificial intelligence will have a positive long-term impact on the economy, though it may cause job losses in the short term.
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The 30-year fixed-rate mortgage rose five basis points from last week to 6.22%, while the 15-year rate increased nine basis points to 5.50%
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UWM Holdings set a single-day record for rate locks in September at $4.8 billion, taking advantage of the window of opportunity leading up to the FOMC meeting.
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The Federal Reserve Board finalized changes to its supervisory rating framework, allowing large bank holding companies to be considered "well managed," even with one deficient rating.
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The company posted its best quarter for funded loan volume and shared other green shoots including greater margins on less reverse mortgage business.
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The Consumer Financial Protection Bureau is considering a proposal to reduce its oversight of auto finance lenders, saying the benefits of supervision may not justify the "increased compliance burdens."
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