Ronald McCord, the former president of First Mortgage, faces 24 counts of bank fraud, money laundering and making a false statement.

New CFO Christian Lown’s family ties could present conflicts, but the GSE has taken measures to make sure that doesn’t happen.

CFPB COO Kate Fulton will take charge as FHFA COO at the end of May. The agency’s acting COO, Lawrence Stauffer, will return to his previous role as special advisor in the Division of Resolutions.

According to the FHFA IG, the agency is still not adequately staffed to assess the safety and soundness of Fannie and Freddie.

Former Treasury official Craig Phillips joins HouseCanary.

Freddie promotes Donna Corley as EVP of single-family business.

As part of Freddie’s voluntary retirement program, 700 employees have taken a buyout. Most are expected to be gone by the end of March.

According to court filings, beginning in 2016, the FHLB-SF developed a proposal for the bank to purchase one of the GSEs. To assist in the process, the bank also engaged the services of McKinsey Consulting.

FHFA Director Mark Calabria is delivering on his promise to revamp the agency in preparation for the end of the GSE conservatorships.

A federal court sentenced Shirene Hernandez, a former Fannie Mae sales representative, to more than six years in prison for bribery.