Public Citizen, a consumer advocacy group, has asked the Federal Elections Commission to investigate alleged violations of campaign finance laws by Freddie Mac's top lobbyist and a Republican fund-raising firm, although the complaint does not accuse Freddie Mac, as a corporate entity, of such violations.According to the complaint, during the 2002 election cycle, Mr. Delk hosted 45 fund-raising events for federal officeholders and candidates, many with direct oversight over Freddie Mac. A statement released by Public Citizen says Mr. Delk paid "significantly discounted prices" for the fund-raising events, "the low balling of which kept Delk's total contributions within federal limits." Mr. Delk used Epiphany Productions of Virginia, a Republican fund-raising firm, to organize the events. A Freddie spokeswoman said Mr. Delk hosted the events "as a private citizen, not on the behalf of our company." She added that Freddie Mac does not feel he violated any campaign finance laws in regard to the fund-raisers. As of MortgageWire's deadline Friday, neither Mr. Delk's attorney, Jan Baran, nor Epiphany could be reached for comment.
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After home equity surged in 2023, average gains slowed last year before falling into negative territory over the past 12 months, Cotality said.
December 12 -
For 2026, the mortgage industry operating environment will improve, while nonbank financial metrics should be within Fitch's rating criteria sensitivities.
December 12 -
Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
December 12 -
The executive order described state legislation on artificial intelligence as a cumbersome patchwork, and pledged to develop a national framework.
December 12 -
The Department of Housing and Urban Development announced the FHA-insured loan caps for low- and high-cost areas, which are set based on conforming loan limits.
December 12 -
Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
December 12





