Freddie Mac taps retired Deloitte consultant Kenny Smith as CEO

Smith’s expertise in financial services was cited as an asset as the Trump administration prepares to sell part of its ownership stake in Freddie Mac and Fannie Mae in a public offering. Continue reading

Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud

Swalwell warns Pulte “and any other lawless official who is carrying out these political prosecutions” that they will have to answer for their actions after the midterm elections. Continue reading

There’s nobody in charge of looking out for waste, fraud and abuse at Fannie and Freddie’s regluator

FHFA acting Inspector General John “Joe” Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering. Continue reading

Fannie Mae guts ethics and internal investigations unit: WSJ report

A dozen officials in Fannie Mae’s ethics and internal investigations unit were among 62 people fired on Thursday, “The Wall Street Journal” reports, citing anonymous sources. Continue reading