Freddie Mac has a new head of single-family: David Lowman, an industry veteran who in the past headed mortgage operations at JPMorgan Chase and Citigroup.
According to the government, Golden First Mortgage Corp. of Great Neck, NY, failed to carry out its duties and responsibilities as a direct endorsement lender, leaving FHA with large losses.
Despite its efforts to enhance its hiring outreach to minority and women potential contractors and employees during 2012, the Federal Housing Finance Agency still faces challenges finding qualified and diverse candidates.
The Structured Finance Industry Group formed as a non-profit company about a month ago and is working to set up an infrastructure to compete with the American Securitization Forum. The group said its initial efforts will focus on hiring an executive director, advocacy and arrangements for an industry conference. The SFIG was formed by major securitization industry players frustrated with the governance of the ASF. While the SFIG has been careful not to publicly compare itself with the ASF, three of the SFIG’s four initial officers were previously board members of the ASF and the group shares a number of goals with the ASF. Reginald Imamura was named...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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