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.
-
Active listings grew 7.9% year over year in February, but just 0.2% month over month, reaching more than 914,000 homes on the market, according to Realtor.com.
25m ago -
President Trump's criticism of large institutional investors prompted inclusion of a sales timeline for build-to-rent properties in the ROAD Act, which in turn pushed NAHB to withdraw its support.
39m ago -
The Mortgage Industry Standards Maintenance Organization is nearing completion on the first of a three-phase Veterans Affairs loan guarantee modernization effort.
3h ago -
The Bureau of Labor Statistics reported that the economy lost 92,000 jobs in February while unemployment held steady at 4.4%, a development that could spur the Federal Reserve to question whether interest rates are truly in balance.
6h ago -
The announcement drove a large increase in Better's stock price, but UWM, Rocket and Pennymac all saw any gains earlier in the day more than dissipate.
March 5 -
Many homeowners and first-time buyers are surprised by rising property taxes and insurance, which can sharply increase monthly mortgage costs beyond principal and interest.
March 5








