Barbara T. Alexander, Geoffrey T. Boisi, William M. Lewis Jr., and Eugene M. McQuade have been nominated for election as directors of Freddie Mac.The four new candidates will be included on a slate of 13 directors to be elected at the corporation's annual meeting Nov. 4. Ms. Alexander, 56, is an independent consultant, and was previously a senior adviser to UBS Warburg LLC and its predecessor firms, Freddie Mac said. Mr. Boisi, 57, is a retired vice chairman and co-chief executive officer of J.P. Morgan Chase and Co., and was the founding chairman and senior partner of the Beacon Group investment and advisory firm from 1993 to 2000. Mr. Lewis, 48, is a managing director and co-chairman of investment banking at Lazard Freres & Co., and held various executive positions at Morgan Stanley over a quarter of a century, according to Freddie Mac. Mr. McQuade, 55, is president and chief operating officer of Freddie Mac, and was previously president of Bank of America Corp. and president and chief operating officer of FleetBoston Financial Corp. The membership of Freddie Mac's board totals 18, of which five are appointed by the president of the United States.
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Meanwhile, MISMO has updated its guide to incorporate the updated scores for use with mortgage insurers and VantageScore Solutions rolls out a new model, 5.0.
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Heading into this week's Federal Open Market Committee meeting, the Fed's core indicators are painting a different picture of the economy than real-time measures, injecting more uncertainty into Wednesday's FOMC meeting than usual.
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