Former chief executive David Moffett is returning to Freddie Mac to run the finance division in the wake of the apparent suicide of the company's acting chief financial officer David Kellermann.Freddie interim chief executive John Koskinen welcomed Mr. Moffett's offer to temporarily return as a consultant while Freddie searches for a permanent CFO. "He knows the company well from his time as the chief executive, and has built an impressive career in finance and accounting...with other leading public companies," Mr. Koskinen said.
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The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
18m ago -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
1h ago -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
1h ago -
The filing alleges TWO executives engaged in a "stealth mission" to get the deal canceled, including subverting participation in a March shareholder vote.
August 10 -
One of three Federal Open Market Committee members to vote for a higher federal funds rate last month, the Cleveland Fed president is undeterred by the labor force decline in July.
August 10 -
Some equity and credit agency researchers have lowered their sights in line with market changes, but their forecasts suggest stability for those that pivot.
August 10







