Richard F. Syron, Freddie Mac's chairman and chief executive officer, has been elected chairman of the board of the Freddie Mac Foundation.Two other new members of the board were also named: Michelle Engler, an attorney, a Freddie Mac board member, and a member of the board of managers of JNL Variable Funds Investment Cos.; and Dwight P. Robinson, Freddie Mac's senior vice president for corporate relations. Mr. Syron has previously served as chairman and CEO of the American Stock Exchange and president of the Federal Reserve Bank of Boston and the Federal Home Loan Bank of Boston.
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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.
June 23 -
Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
June 23 -
The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
June 23 -
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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