Former Fannie exec to lead Flagstar lending unit

On Wednesday, Flagstar announced Kristy Fercho has been hired to lead its mortgage business as president. Fercho comes to Flagstar from Fannie Mae, where she spent 15 years. Full Story

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Enrico Dallavecchia, Fannie Mae’s former chief risk officer, and Thomas Lund, former EVP of Fannie Mae’s single-family lending unit, were sued by the SEC in. A spokesperson for Andrew J. Levander,

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 · The former Countrywide Financial Corp., whose subprime loans helped start the nation’s foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report.

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Flagstar Bank has hired Kristy Fercho, previously senior vice president and customer delivery executive for Fannie Mae, to lead Flagstar’s mortgage business. Having served at Fannie Mae for 15 years, Fercho began her career as vice president of human resources, responsible for the company’s people strategy, talent acquisition, and cultural transformation.

Former Fannie exec to lead Flagstar lending unit The co-founder and former CEO of Southwest. Trust Data Facts to provide you efficient mortgage lending solutions, such as credit reports, fraud products, tax return and social security. The Commerce Department on Friday said new home sales. last month.

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