John V. Britti has been named vice president of community lending at Freddie Mac.Mr. Britti will manage all of Community Lending's sales efforts and customer relationships, as well as the sales force and organization, the government-sponsored enterprise said. He will report to Dave Stevens, Freddie Mac's senior vice president of single-family lending. Mr. Britti was most recently vice president of adjacent lending operations and mortgages at Capital One Financial Corp., where he re-launched the company's mortgage business and led operations for its Direct Bank, installment lending, and new business integration, the GSE said. Mr. Britti previously held positions with several companies, and he worked at Freddie Mac from 1994 to 1998 as a vice president of pricing and structured transactions.
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Non-qualified mortgages account for 23.1% of the series 2026-7 pool, by balance, and 43.4% of the loans in the pool were made to investors for business purposes and are exempt from the Ability-to-Repay rules.
September 23 -
Besides promoting Sridhar Sharma to CEO from president, the company named Andrew Bon Salle, ex-Fannie exec, as its new chairman, both replacing Chris Marshall.
September 23 -
Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.
September 23 -
Federal Reserve Gov. Michael Barr appears to be among the majority of monetary policymakers who foresee at least one more rate hike before the end of the year.
September 23 -
Attom expanded its artificial intelligence platform, eLend partnered with Ready4Remodel to increase renovation financing and Keller Williams teamed up with Rejig.ai.
September 23 -
Several lawsuits filed this year have painted the shared appreciation agreements as misleading, and suggest they should be treated as mortgage loans.
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