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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While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
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The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
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Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
April 23 -
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
April 23