David Palombi, Freddie Mac senior vice president of corporate and marketing communications, has resigned from the GSE. Mr. Palombi, who also worked at Riggs Bank of Washington during his career, has accepted a position with WellPoint Inc. of Indianapolis, a health benefits company. He joined Freddie Mac in 1997. The GSE has been operating under a government conservatorship since the fall.
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
The filing alleges TWO executives engaged in a "stealth mission" to get the deal canceled, including subverting participation in a March shareholder vote.
One of three Federal Open Market Committee members to vote for a higher federal funds rate last month, the Cleveland Fed president is undeterred by the labor force decline in July.
Some equity and credit agency researchers have lowered their sights in line with market changes, but their forecasts suggest stability for those that pivot.
The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
The arm of the asset management giant is paying over $100 million for the Cherry Hill business started in part with Freedom Mortgage over a decade ago.
