Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

"Freddie Mac has named Jerry Mauricio as its senior vice president and chief compliance officer, an appointment coming as the mortgage giant looks to become free of government conservatorship after more than 12 years.

McLean, Va.-based Freddie Mac, which backs mortgage loans, was effectively nationalized during the 2008 housing crisis and is facing the latest setback to its quest to exit government control after the Biden administration ousted Mark Calabria as director of the Federal Housing Finance Agency. He had given priority to returning Freddie Mac to private hands. The Biden administration has signaled it isn't in a hurry to privatize Freddie Mac or Fannie Mae.

Mr. Mauricio, who had been serving as the interim CCO of Freddie Mac since January, started his official role last month. He oversees Freddie Mac's compliance risk management program for its regulatory and conservatorship obligations. He manages about 45 people in the compliance department and is looking to grow the team, he said in an interview. He reports directly to Freddie Mac's chief executive."

https://www.wsj.com/amp/articles/freddie-macs-new-compliance-chief-on-lessons-learned-from-previous-crises-11629291602