Freddie Mac is losing its treasurer, Louise Herrle, to General Motors Acceptance Corp., which is in the throes of forming a new holding company for its mortgage division.Ms. Herrle is expected to play a key role in the new holding company -- which does not yet have a name -- tapping the capital markets. Her title at the GMAC holding company will be managing director, corporate finance group/treasurer. Her last day at Freddie Mac is Sept. 15. (See the Sept. 13 issue of National Mortgage News for more information on GMAC's plans for the holding company.) Freddie Mac can be found on the Web at http://www.freddiemac.com.
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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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