Fannie mae appoints Cissy Yang head audit manager
Washington-mainly based Federal national mortgage association welcomed incorporating economic-attributes chief Cissy Yang once the senior vp and you will master audit executive. Yang suits Fannie mae off Borrowing Suisse, where she has just supported because head out of review getting financial support banking, fixed-income, U.S. court organizations and Americas conformity. She together with in earlier times stored ranks on PricewaterhouseCoopers and you can 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 next quarter, the government-sponsored enterprise achieved net worth of $54.4 billion, with net income totaling $4.65 billion.
Cenlar contributes chance acting, default management advantages because VPs
Following recent changes in leadership, including the senior years away from long time Chief executive officer Greg Tornquist, mortgage subservicer Cenlar made several additions to its default management operations and risk modeling teams. Cenlar services loans in all 50 states and U.S. territories. Default rates have approached very early 2020 levels, according to several research organizations.
Continue reading “Fannie mae, Freddie Mac, Cenlar, Fairway build leadership actions”