Freddie Mac will issue its 2006 annual report late in the first quarter of 2007 and then turn its attention to getting out its quarterly financial reports "as quickly as possible," Freddie chairman and chief executive Richard Syron has told the company's annual shareholder meeting.After the annual report is issued, "our intent is to turn all our efforts" to the quarterly reports, Mr. Syron said in clarifying the company's timetable for returning to regular quarterly reporting. At the meeting, the shareholders approved the directors slate, including the addition of Robert Glauber to the board. Mr. Glauber is chairman and chief executive of the National Association of Securities Dealers and a former Treasury under secretary (1989-1992). The shareholders defeated a shareholder proposal that would require Freddie to disclose its corporate contributions to civil rights activist Jesse Jackson's organizations and other charities. Freddie Mac can be found online at http://www.freddiemac.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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