The Office of Federal Housing Enterprise Oversight has promoted its chief examiner, Christopher H. Dickerson, to head the agency's supervision division.Mr. Dickerson is a 10-year OFHEO veteran, and during that time Fannie Mae's and Freddie Mac's top executives were ousted due to accounting scandals and the two mortgage giants have rebuilt their accounting systems and internal controls. "Chris's in-depth knowledge of Fannie Mae and Freddie Mac -- the people, problems, and progress -- will enhance OFHEO's efforts to ensure the future safety and soundness of these important institutions," OFHEO Director James Lockhart said. The new supervision director replaces Len Reid, who retired recently.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27