Christina Seix has resigned from the board of directors of Freddie Mac to avoid a conflict of interest that could arise from a pending acquisition of her investment advisory firm.Freddie Mac said Ms. Seix's firm, Seix Investment Advisors Inc., is being acquired by SunTrust Banks Inc., a Freddie Mac customer. Ms. Seix is chairman and chief executive officer of the firm. She has been a member of Freddie's board since 1990. Freddie Mac can be found on the Web at http://www.freddiemac.com.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
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Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
June 23 -
Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
June 23 -
The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
June 23 -
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
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