Michael E. Wade has been named to the newly created position of vice president for external operational risk management at Freddie Mac.Mr. Wade's duties include the analysis of Freddie Mac's seller/servicer underwriting processes, management of on-site quality control and operational audits, and the development and implementation of quality control and operational policies and procedures, Freddie Mac said. Mr. Wade comes to Freddie Mac from Wells Fargo Home Mortgage, where he was most recently senior vice president of credit policy and strategy. Other positions he held at Wells Fargo include senior vice president of institutional risk management and vice president of quality control. Freddie Mac can be found online at http://www.freddiemac.com.
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The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
1h ago -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
3h ago -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
8h ago -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16 -
In a motion to dismiss UWM's suit, Ramon Walker argues the trademark infringement claim made by UWM is a "pretext to muzzle [his] criticism."
April 16 -
The Federal Reserve chair's comments coincide with the spring meeting of the International Monetary Fund and the World Bank Group in Washington. They also come as groups like the Basel Committee on Banking Supervision are being scrutinized.
April 16