CFPB names student loan servicing exec as ombudsman
Robert G. Cameron, a former official at the Pennsylvania Higher Education Assistance Agency, will succeed Seth Frotman as the bureau's point person on student lending complaints.
Career moves
Ex-Freddie CEO joins Harvard center focusing on housing finance reform
Former Freddie Mac CEO Donald Layton has joined the Harvard Joint Center for Housing Studies as a senior industry fellow focused on reform of the government-sponsored enterprises.
Cross River poaches execs from student refinancing firm Laurel Road
The executives were hired for their focus on loan origination, portfolio management and securitization.
CFPB’s assistant director for enforcement resigns: Sources
Kristen Donoghue had been one of the agency's few remaining senior enforcement managers hired by former Director Richard Cordray.
FHFA announces senior staff appointments
The Federal Housing Finance Agency has named three senior advisers for policy, economics and communications.
Fannie Mae makes it official: Frater is CEO
Hugh Frater loses the "interim" title, taking full control of the government-sponsored enterprise as Congress begins debating (again) the future of Fannie as well as Freddie Mac.
By
Andy Peters
5 questions for Freddie Mac’s next CEO
David Brickman will take the helm of the mortgage giant at a time of transformation in the mortgage market and housing finance policy.
Carson plans to leave HUD after 2020 election
The secretary of housing and urban development plans to "finish out this term" but wants to return to "the private sector because I think you have just as much influence, maybe more."
How a liquidity crunch will shape the secondary mortgage market in 2019
Liquidity, products and pricing are the main concerns for the secondary mortgage market in 2019.
Trump names OCC’s Otting as acting director of FHFA
The White House said that Comptroller of the Currency Joseph Otting will serve as acting director of the Federal Housing Finance Agency beginning Jan. 6, after Director Mel Watt’s term ends.
RBC hires Sheldon as MD for muni student loan group
RBC Capital Markets hired Paul Sheldon, founder of the advisory firm S L Capital Strategies, as a managing director in the municipal finance student loan group.
‘We do not determine our destiny’: A sit-down with outgoing Freddie CEO
Donald Layton, who has run the mortgage giant since 2012, discussed the busy agenda leading up to his departure and says Freddie can serve as a "technical adviser" in GSE reform talks.
Why it will be hard to find new CEOs for Fannie and Freddie
The CEOs of Fannie Mae and Freddie Mac are stepping down because the job they were hired to do — return the GSEs to profitability — is done. But attracting top-flight candidates to lead the mortgage giants into a new phase may not be easy.
In deregulatory era, Trump picks a throwback for Fed board
Whereas most regulators appointed in the Trump administration are focused on rolling back the post-crisis framework, Nellie Liang helped create it.
Freddie Mac names Brickman president as Layton plans departure
Freddie Mac is promoting Executive Vice President David Brickman to president and will consider him among possible candidates to be the agency's next CEO after Don Layton retires next year.
DBRS names Chuck Weilamann chief credit officer
Weilamann was previously managing director and head of U.S. ABS at the credit rating agency; he assumes his new role as Luis Reyna returns to academia.
Morgan Lewis adds to structured finance team in Chicago
Jeff Weinstein and Patrick Lampe join from the Chicago office of Sidley Austin; Morgan Lewis partner Philip Russell is relocating from the firm’s New York office.
MBA taps industry vet Robert Broeksmit to succeed David Stevens as CEO
Robert Broeksmit, a career mortgage industry executive, will succeed David Stevens as the president and CEO of the Mortgage Bankers Association.
Dechert adds Matthew Hays to global finance team
The former Kirkland & Ellis partner will remain in Chicago, where he has performed work for clients in automotive finance, technology, banking and marketplace lending.
By
Glen Fest
Ally’s auto finance chief to depart, triggering series of moves
Tim Russi played a key role in the company’s transition away from its once-close relationship on General Motors. He will be succeeded by Doug Timmerman, a 32-year Ally veteran.
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