James D. Hughes has been named senior vice president and chief information officer of Freddie Mac, effective Sept. 25.Mr. Hughes, 48, will be responsible for managing one of Freddie Mac's largest organizations, with information systems planning and development responsibilities that support the company's finance, investment, sourcing, servicing divisions, and corporate functions, the government-sponsored enterprise said. He comes to the GSE from Cleveland-based National City Corp., where he held positions as CIO and executive vice president and branch banking division head. Before joining National City in 1997, Mr. Hughes served in management roles at Andersen Consulting, USF&G, Seer Technologies, and Credit Suisse First Boston.
-
A federal lawsuit against the now defunct mortgage company has been dropped but John DiIorio wants to also demonstrate officials acted in bad faith.
August 2 -
The lawsuit accuses the lender of violating 17 sections of the California labor code, including failure to pay all minimum, regular and overtime wages.
July 31 -
Consumers have filed at least 30 such complaints against industry players this year for allegedly violating the Telephone Consumer Protection Act.
July 31 -
In line with broader trends, the GSEs have been putting new limitations on forbearance and putting more of an emphasis on mods.
July 31 -
AnnieMac Home Mortgage will pay 171,074 customers impacted in a 2024 hack, making it the fourth lender in recent weeks to end a class action suit over a breach.
July 31 -
Fannie Mae and Freddie Mac are under directives to make mortgage-backed securities purchases that can exert downward pressure on rates or limit increases.
July 31






