Freddie Mac's senior vice president and corporate controller, John Woods, has resigned, accepting a position with lending giant Washington Mutual Inc., Seattle.The resignation is effective Oct. 28. Mr. Woods also held the title of principal accounting officer. He will become WaMu's corporate controller. Martin Baumann, Freddie Mac's executive vice president of finance, credited Mr. Woods with helping the government-sponsored enterprise bolster its accounting talent. Damaged by a $5 billion earnings restatement scandal that erupted nearly three years ago, Freddie is almost current again on its financial reporting. Freddie Mac can be found online at http://www.freddiemac.com.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









