U.S. Treasury Secretary Jack Lew warned Congress in a letter Friday that his department will begin implementing ‘extraordinary...
The U.S. Department of Housing and Urban Development will close its offices nationwide on Friday, May 24th. The news comes as a...
The first named candidate is Susan Wachter, a professor of real estate and finance at the University of Pennsylvania. Deutsche Bank also named Michael Barr, a law professor at the University of Michigan and the assistant Treasury secretary for financial institutions from 2009–2010. Another candidate is Katherine Porter, a professor of law at the University of California – Irvine, and the state's independent monitor of banks in the $25 billion robosigning settlement.
Deutsche Bank also predicts that outside of academia, candidates include Ted Tozer, president of Ginnie Mae and Rob Ryan, the acting commissioner of the Federal Housing Administration.
In a recent Wall Street Journal article, the White House announced it "has begun preparations to nominate a new director to lead the agency that oversees Fannie Mae and Freddie Mac as soon as early next year."
The article lists similar academic nominees and also furthers the list by adding: Michael Stegman, currently serving as an adviser to the Treasury secretary on housing finance; Johnathan Fietcher, deputy director for monetary and capital markets at the International Monetary Fund; and Jim Millstein, the corporate restructuring executive that oversaw the Treasury's re-privatization of American international Group ($45.23 0.32%).
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