Fannie mae, Freddie Mac computer, Cenlar, Fairway generate management motions

Fannie mae, Freddie Mac computer, Cenlar, Fairway generate management motions

Fannie mae appoints Cissy Yang chief review professional

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Washington-founded Federal national mortgage association invited incorporating financial-properties frontrunner Cissy Yang as older vice-president and you will captain review manager. Yang matches Fannie mae regarding Credit Suisse, in which she recently offered just like the head away from review to own investment financial, fixed income, U.S. legal entities and you will Americas compliance. She plus before stored positions from the PricewaterhouseCoopers and you may Arthur Andersen.

In her role, Yang will help lead Fannie Mae’s audit and risk-assessment strategy, tapping into expertise in management and development of internal control frameworks within the financial industry. She will also serve on Fannie Mae’s management committee. In the 2nd quarter, the government-sponsored enterprise achieved net worth of $54.4 billion, with net income totaling $4.65 billion.

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Following recent changes in leadership, including the senior years of long time President Greg Tornquist, mortgage subservicer Cenlar made several additions to its default management operations and risk modeling teams. Read more

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