How Fannie Mae is leveraging technology to expand access to homeownership

Fannie Mae is taking important steps to help the mortgage industry close the racial housing gap, achieve equality within the housing industry and offer sustainable and affordable housing.

What is the next step for NAR?

In this Q&A, Senior Real Estate Reporter Matthew Blake gives us the inside scoop on what happened at NAR’s annual conference, including the latest on the DOJ investigation.

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

What’s next for the maligned real estate appraiser?

In this episode of Houses in Motion, a series that is part of the HousingWire Daily podcast lineup, St. Petersburg, Florida-based appraiser Francois “Frank” Gregoire discusses issues in the appraisal industry.

Politics & Money

Freddie Mac names Mauricio chief compliance officer

Mauricio will oversee Freddie Mac’s compliance risk management program

Freddie Mac announced today that Jerry Mauricio, who has served as the entity’s chief compliance officer since January 2021, will transition to the permanent role.

He will be a member of the company’s senior operating committee and report directly to Freddie Mac’s CEO, Michael DeVito. Mauricio will oversee the regulated entity’s compliance risk management program for its regulatory and conservatorship obligations.

“[Mauricio’s] proven compliance and management expertise in both global and domestic financial services companies makes him an outstanding choice to be Freddie Mac’s chief compliance officer,” said Michael DeVito, CEO of Freddie Mac. “I look forward to working closely with [Mauricio] as we ensure Freddie Mac’s safety, soundness and risk management are second to none.”

Mauricio has been at the firm in a number of roles since 2019. He was previously the CCO and senior vice president at Capital One Investing and Capital One Advisors. Before that, he was a compliance officer at financial institutions including BNP Paribas, Barclays and now-defunct Lehman Brothers.

Mauricio’s transition to a permanent role comes at a critical time for the government sponsored entities.

How the mortgage industry can overcome hiring challenges

HW+ Managing Editor Brena Nath recently spoke with Agility 360 COO Raj Sharma about the current talent recruitment and retention challenges in the mortgage industry.

Presented by: Agility 360

In recent months, there have been numerous high-level departures from Fannie Mae and, to a lesser degree, Freddie Mac. Ex-employees say restrictive compensation levels under conservatorship have led some to seek better-paying gigs in the private sector.

A spokesperson for Freddie Mac did not immediately respond to an inquiry about how many roles have yet to be filled. A survey of LinkedIn listings shows 130 open positions at Freddie, 32 of which were posted in the last 24 hours.

Freeing the regulated entities from conservatorship was a key priority of the Federal Housing Finance Agency’s former director, Trump-appointee Mark Calabria.

But hope for ending the arrangement — a lucrative one for the federal government — diminished when President Donald Trump failed to secure reelection. Days after last year’s presidential election, Freddie Mac’s previous CEO, David Brickman, announced he would step down. Brickman went on to head up a commercial mortgage venture, NewPoint Real Estate Capital. It took Freddie Mac six months to name a new CEO, Wells Fargo alum DeVito.

But any remaining hope that the federal government would release the GSEs was quashed last month, when a Supreme Court decision gave the President the power to fire the FHFA director at-will. Within hours, Biden removed Calabria and appointed Sandra Thompson, a longtime regulator.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular Articles

FHFA: Government to back mortgages up to $970,800 in 2022

The FHFA today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. In high-cost areas, the new ceiling loan limit is $970,800.

Nov 30, 2021 By

Latest Articles

Black Knight’s Borrower Digital POS solution simplifies the mortgage loan application process for borrowers

To address lender needs, Black Knight developed Borrower Digital – a point-of-sale solution that delivers a single, fully integrated and customer-facing mortgage loan application solution. Borrower Digital streamlines and simplifies the loan application process for the borrower by guiding them through the prequalification, pre-approval and refinance processes.

Dec 01, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please