Fannie Mae has expanded its Office of the Chairman to include executive vice president and chieffinancial officer J. Timothy Howard and announced the appointment of 21 vice presidents. Mr. Howard, who joined the company in 1982, oversees Fannie Mae's mortgage portfolio business and itsfinancial and corporate interest rate risk management. The other members of the office are Franklin D.Raines, chairman and chief executive officer; Daniel H. Mudd, vice chairman and chief operatingofficer; and Jamie S. Gorelick, vice chair. Fannie Mae's board of directors also appointed Rebecca R.Culberson senior VP for regional management and housing partnerships; J. Brian Graham, SVP, creditportfolio; Renie Y. Grohl, SVP and deputy general counsel; Pamela Johnson, SVP for single-familymortgage business; Richard S. Lawch, SVP for multifamily capital markets; Andrew McCormick, SVP forportfolio management; William M. Pugh, SVP for enterprise systems management; and Phillip Weber, SVPof the American Communities Fund. Fannie Mae also named Jill M. Blickstein VP for regulatory policy;Andrew Bon Salle, VP for portfolio management; Jonathan R. Boyles, VP for financial accounting;Matthew W. Douthit, VP for portfolio management; Gina A. Hough, VP and deputy general counsel; G.Scott Lesmes, VP and deputy general counsel; Timothy M. McLuckie, VP for portfolio analytics; Edwin B.Neill, VP for tax credit investments; Dror Oppenheimer, VP for asset development management; WilliamF. Quinn, VP and head of risk management strategies; Eric Rosenblatt, VP for credit policy; William B.Senhauser, VP and deputy general counsel; and Deborah A. Wilson, VP for multifamily strategy.
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The fiscal condition at the government agency is much healthier today than when the Department of Housing and Urban Development put the policy into effect back in 2013.
December 20 -
Activity from smaller mom-and-pop investors dominates the segment, but their impact on overall housing prices might be overstated, Corelogic's research found.
December 20 -
Flood insurance could hold up some home sales and lending, while major bank regulatory agencies will remain funded even if the government is unable to pass the necessary legislation before funding runs out.
December 20 -
The Federal Housing Administration is suggesting servicers get early access to the funds they have advanced at a time when many T&I payments have been high.
December 20 -
A borrower alleges the bank made billions of dollars in profit off millions of dollars in rate lock extension fees it wrongly charged mortgage customers.
December 20 -
Boomer wealth surged by $19 trillion in just under five years, with approximately half coming from home equity, according to new Freddie Mac research.
December 20