Freddie Mac has hired Ralph Boyd Jr. to be the mortgage finance company's general counsel.A senior partner at Alston & Bird in Washington, Boyd is experienced in corporate law and litigation. He previously served as head of the Justice Department's civil rights division. "This is a critical time in Freddie Mac' history, and Ralph will play an important role in helping shape the company's future," Freddie chairman and chief executive Richard Syron said. In addition to Freddie's legal operation, Mr. Boyd will oversee regulatory relations and direct the corporation's legislative activities at the federal, state and local levels. Acting general counsel Joan Donoghue will remain at Freddie as the principal deputy general counsel.
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Five years after the Champlain Towers South collapse, while overall condo sales have held steady, the Miami market has had an 8 percentage point drop in share.
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Low immigration and fertility rates paired with aging boomers could weaken the foundation of housing demand over the next decade, the MBA finds.
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The notice of proposed rulemaking promotes manufactured housing loans backed by personal property while advising the rollback of requirements in other areas.
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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









