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He will take over the role from current non-executive chair Sara Mathew, who's allowed time on the government-sponsored enterprise's board is expiring.
November 7 -
Rather than adding the option of using two rather than three prior to score updates, the company suggested the former functionality be added after or scrapped.
November 3 -
Like its competitor Fannie Mae, the enterprise's earnings were higher year-over-year but recorded a quarterly decline in part due to a legacy shareholder lawsuit.
November 1 -
High interest rates and constrained inventory will take its toll on originations and securitization activity in 2024, the rating agency commented.
October 31 -
Futurewave Finance was started by former FHLBank-Chicago executive Steve Thomas, as part of a personal mission to do more to help underprivileged communities.
October 30 -
The number of sellers it works with in the correspondent channel has grown due to pending capital requirements affecting larger depositories' interest in loans.
October 27 -
Even though it is less than two years since it allowed Fannie Mae and Freddie Mac to accept such valuations, it is difficult to evaluate their effectiveness without such examinations.
October 27 -
Though home mortgage issuance has slumped in line with originations, new potential bank capital rules and increased consumer debt consolidation could boost activity for these two subsets in the secondary market.
October 23 -
Questions about how it will be implemented and whether the rest of the market will follow the agency's lead make the expense involved difficult to estimate.
October 19 -
While on the positive side, Fannie Mae CEO Priscilla Almodovar said the loan defect rate has dropped 75%, she and Freddie Mac President Michael Hutchins noted that they're closely examining disruptive servicing transfers and standards for multifamily properties.
October 18