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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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.
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Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
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The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
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The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
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