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Fannie Mae announces leadership changes as president reveals retirement plans

Fannie Mae announces leadership changes as president reveals retirement plans
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LOS, Processing, Single Women Buyer Report, AI Products; Citizens Ends Wholesale Division; Freddie Repurchases

Besides Janet Yellen’s In-N-Out foray, it is a rough environment out there: Hope you don’t want a Wells Fargo HELOC. Or just ask Citizens who is exiting the wholesale channel; More below on that. Many lenders are reporting unit volumes dropping by 50-70 percent, in part due to higher rates caused by inflation expectations. Buying stuff in the holidays will be more expensive this year, and here’s a personal tale of inflation. I happened to be near a See’s Candy store recently. Knowing that my daughter enjoys a treat from time to time, we went in and, without looking at the prices, bought a can of Toffee-ettes and a small box of mixed chocolates. It turns out that Sees’ prices are up to $32/pound for the mixed and the can of toffee was $29. The total was $48.00. I may-as-well have been buying Kobe beef. Holy smokes! (Today’s podcast can be found here, sponsored by LoanCare, the mortgage subservicer known for delivering superior customer experienc

Fannie Mae (FNMA) Announces Retirement of David C Benson

Fannie Mae (FNMA) Announces Retirement of David C Benson
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Fannie Mae President David Benson to Retire

Fannie Mae President David Benson to Retire
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