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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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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