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.
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The promotion offers rate cuts as much as 25 basis points on new-home purchases as well as rate-and-term and cash-out refinance loans from May 4 through May 17.
6h ago -
"In looking at eight currently available proprietary RM products, there is a distinct relationship between HECM growth rates and proprietary product availability," Reverse Market Insight said.
7h ago -
The top bullet point in Two Harbors' rejection notice is the Mizuho credit facility does not constitute committed financing for UWM to pay for the deal.
9h ago -
The combination adds to a wave of broader merger and acquisition activity that includes an ongoing bidding war over RoundPoint Mortgage owner Two Harbors
May 4 -
The litigants, with some of the industry's deepest pockets, may be filing the rare cases to flag and potentially punish bad brokers, one expert said.
May 4 -
Market watchers think Jerome Powell will maintain a low-key presence on the Fed board as he awaits the release of an inspector general report examining cost overruns at the central bank's headquarters.
May 1










