Charges also were filed against former Live Well executives Eric Rohr and Darren Stumberger who entered a guilty plea in the case late last week and are now cooperating with investigators.
Some industry observers wondered about the timing of the disclosures, given the imminent release of the Treasury Department’s GSE reform plan. One former Fannie executive told IMFnews: “There will be big shakeups at Fannie and Freddie if they cap all in comp at $600,000.”
The problem with Appendix Q is twofold: It is difficult to comply with due to its technicality and it limits self-employed borrowers’ access to credit…
The share price of Fannie Mae and Freddie Mac common had been in the tank all summer but last week spiked upwards on the news that the Treasury Department plan to recap-and-release the two is now (reportedly) on the desk of Larry Kudlow...