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Sen. Elizabeth Warren hinted at her views on GSE reform briefly Thursday, though it's still unclear whether she will support a bill introduced this summer by Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va.
September 26 -
Fannie Mae and Freddie Mac failed to pursue and collect deficiencies from foreclosed borrowers who had the ability to repay, according to an inspector general's report released Tuesday.
September 24 -
Fannie Mae and Freddie Mac are about to get tougher on banks and other lenders that cut corners when originating mortgages and try to sell them to the government-sponsored enterprises.
September 17
Freddie Mac has hired its new chief financial officer away from Ally Financial.
James Mackey will become executive vice president and CFO of the government-sponsored enterprise the week of Nov. 11, Freddie announced Monday. Current CFO Ross Kari will retire when Mackey joins the company.
Mackey, 46, is currently CFO at Ally Financial, a role he has held since 2011. He joined Ally in 2009 from Bank of America (BAC), where he was CFO of the corporate investments, corporate treasury and private-equity divisions. Earlier he worked for PricewaterhouseCoopers.
Kari, 54, has been CFO since 2009. Earlier, he was CFO of Fifth Third (FITB) in Cincinnati.
"The board of directors and I are very pleased that [Mackey] is joining Freddie Mac as CFO at a crucial time in the company's life," Freddie Mack Chief Executive Donald Layton said. Mackey "brings an impressive track record of success in helping a company deal with significant change, including a situation somewhat similar to the conservatorship under which we now operate."
