Fannie Mae and Freddie Mac seem to be on track to complete their respective financial reporting initiatives, according to separate presentations that Freddie Chairman and CEO Dick Syron and Fannie’s new CFO Robert Blakely provided at a Lehman Brothers Financial Services Conference last week. “The restatement process is the top priority at Fannie Mae,” Blakely said. “The production work streams for the restatement are complete; the regulatory settlement with OFHEO is behind us, as is the Justice Department investigation”...
It will be the 11th issuance of its type by loanDepot.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.