Freddie Mac has named two new senior vice presidents, one of them to the newly created position of senior vice president-finance.Vaughn A. Clarke was appointed to the finance post, and Gregory E. Reynolds was named senior vice president and corporate controller. Both will report to John P. Gibbons, Freddie Mac's executive vice president and chief financial officer. Mr. Clarke will oversee the development and implementation of long-term financial and operating plans and budgets as well as shareholder strategy, and will manage Freddie Mac's capital structure. He was previously senior vice president and treasurer at Viacom Inc. Mr. Reynolds will be responsible for Freddie Mac's financial performance management and internal control systems, as well as financial and regulatory reporting, tax compliance, and administrative activities. He has held the post on an interim basis since February, and was previously vice president of Freddie Mac's corporate accounting department.
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Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.
9h ago -
The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
10h ago -
The new Mortgage Bankers Association research adds to debate over whether Fannie Mae and Freddie Mac should allow a less costly alternative to the tri-merge.
10h ago -
Wide regional variances appeared in housing-start activity in 2025, when the traditional leading builder markets all saw numbers decline by as much as 15%.
11h ago -
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
July 10 -
Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.
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