Other matters on the government’s priority list: setting a commitment fee, resolution of the QM patch, and “any other similar changes that could impact the GSE footprint.”
Renzi spent a large chunk of his career at GMAC, finishing his 23-years there as COO of ResCap and president of the mortgage division. He followed that up with a couple years as Freddie’s executive vice president for its single-family business.
The powerful consumer regulator is working on a plan to identify ways to improve the consent order process. The idea: release so-called "reformed" players from the regulatory burden of CO prison.
The founder and CEO of Premium Point Investments, New York, was sentenced to 50 months in prison for overvaluing by $100 million the value of securities his hedge fund had invested in.