Articles Tagged with ''Timothy Mayopoulos''

Fannie Mae CEO in hot water months before he steps down

Fannie Mae, FHFA come to Mayopoulos’ defense
Fannie Mae CEO Timothy Mayopoulos is once again in trouble for his romantic relationship, receiving yet another rebuke from a government watchdog. While the CEO did disclose his relationship and even recused himself from any connected business decisions, this government watchdog says he did not go far enough.
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Fannie Mae multifamily posts solid Q2

Originations are up and delinquencies are low, but there is one bad mark on the scorecard
Fannie Mae multifamily had a good quarter. Originations posted solid gains and the GSE's loans are performing exceptionally, but it took a major hit in one key metric. Read on to find out more.
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Fannie Mae CEO to resign by end of year

Feels “time is right” to leave company
Fannie Mae announced President and CEO Timothy Mayopoulos will resign from his position by the end of the year. Fannie Mae explained to HousingWire that after being with the company since 2009, Mayopoulos now feels the “time is right” for him to resign from his position.
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FHFA pivots to affordable housing, single-family rentals

Renewed focus on those left behind in recovery
At the Mortgage Banking Association's annual conference, FHFA Director Mel Watt recounted a number of items the agency accomplished in the wake of the financial crisis before signaling the agency's focus for the next year: expanding affordable housing, including single-family rentals.
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Fannie Mae CEO Timothy Mayopoulos joining Lending Club board of directors

Will serve as independent director for stumbling online lender
Lending Club may not be involved in mortgage lending, but its newest board member certainly is. The online lender, which is currently in a state of upheaval and under investigation after the sudden departure of its founder and CEO, Renaud Laplanche, in May, announced Monday that it is adding Timothy Mayopoulos, the CEO of Fannie Mae, to its board of directors.
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Fannie Mae 2Q net income jumps to $2.9B

Recovers from fair value losses in the first quarter
Coming off the heels of a rough first quarter, Fannie Mae’s second-quarter earnings improved, with the company posting net income of $2.9 billion and comprehensive income of $2.9 billion for the second quarter of 2016. As a result, here's how much the government-sponsored enterprise will give back to taxpayers.
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AMI to Fannie Mae CEO: Private capital is ready for return to mortgages

Association of Mortgage Investors responds to HousingWire report
Contrary to what Fannie Mae's CEO told HousingWire last week, private capital is ready and willing to return to the mortgage market, the Association of Mortgage Investors said this week. AMI, which represents private investors, public and private pension funds, and endowments, went so far as to respond to Mayopoulos' statements directly. Here's their stand.
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Fannie Mae 1Q net income slips to $1.1B

Expects to pay $919 million to Treasury
Fannie Mae managed to post a first-quarter net income of $1.1 billion, faring better than most others in the industry that posted a net loss due to the first quarter’s historically low interest rates. Timothy Mayopoulos, president and CEO of Fannie Mae, said, "The changes we have made to the company have put us in a stronger position to fulfill our responsibility to deliver safe, affordable mortgage financing for our customers, in all markets at all times."
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