Freddie Mac is losing two senior executives.Kevin J. Finnerty, senior vice president of investor and dealer services, is leaving the company, as is Ann Schnare, senior vice president of corporate relations. No reasons were given for their departures. Ms. Schnare has agreed to stay on until a replacement is found, but Mr. Finnerty is leaving right away. Mr. Finnerty, a Wall Street veteran who has worked for U.B.S. Securities and Bear Stearns, is in charge of sales and trading for the mortgage giant. (See the June 14 issue of National Mortgage News for more details.)
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Freedom Mortgage CEO Stan Middleman weighs in on the Fed, servicing policy, and broker-to-banker moves as he comments on challenging career experiences in his new biography.
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The Trump victory is considered a positive for changing the status of Fannie Mae and Freddie Mac, but what would that do to interest rates?
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