James P. Witkins has been named senior vice president for technology and chief information officer at Freddie Mac, replacing William I. Ledman, who is retiring on April 1.Mr. Witkins was most recently managing director for technology and operations at Fleet Boston Financial. He previously held positions with Barclays Bank PLC, Manufacturers Hanover Trust, and Chemical Bank. Mr. Ledman has been senior vice president of information and systems and services at Freddie Mac since January 1995. "Bill expressed an interest in retiring two years ago, but agreed to stay on to help the company meet the challenges it was facing," said Eugene M. McQuade, Freddie Mac's president and chief operating officer.
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Pricey insurance, expensive maintenance, and struggles with financing are all weighing down the condo market, with Florida and Texas feeling it the most.
8h ago -
The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
9h ago -
The new integration supports the upcoming Uniform Appraisal Dataset 3.6, which becomes available in September, with mandatory use 14 months later.
9h ago -
The prime jumbo RMBS transaction is collateralized by 402 residential mortgage loans.
10h ago -
The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
10h ago -
The Senate version makes permanent the mortgage interest and mortgage insurance premium reductions, removes the revenge tax but also cuts CFPB funding.
11h ago