Stan Martin, who has served as interim general auditor of Freddie Mac since Feb. 9, has been named senior vice president and general auditor of the government-sponsored enterprise.Mr. Martin, who reports directly to the Audit Committee of Freddie Mac's board of directors, will be responsible for assessing risks, providing independent advice, and heading the GSE's internal audit organization. Before joining Freddie Mac, Mr. Martin was a consultant to HSBC Bank USA on integration and divestiture. The majority of his career of over 30 years was spent with the KPMG accounting firm, where he served as the Securities and Exchange Commission reviewing partner, Freddie Mac said. Mr. Martin's role as general auditor will be crucial as the company continues to play catch-up in its financial reporting due to a $5 billion accounting scandal. Freddie Mac can be found online at http://www.freddiemac.com.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
6h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
9h ago -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
11h ago -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
11h ago -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11