General

Three members of Fannie Mae’s board of directors will depart the government-sponsored enterprise next month. Chair Sheila Bair announced Friday that she will resign from the mortgage company’s board effective May 1. Chief Executive Hugh…
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New York City won’t open new depository accounts with Wells Fargo in response to mounting allegations of discrimination against Black homeowners, municipal leaders said. The bank is facing several civil suits, and was the subject of a…
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A pair of key figures at Fannie Mae are leaving the company, as Chairwoman Sheila Bair is resigning as of May 1, and CEO Hugh Frater is retiring. Replacing Bair is former Wells Fargo executive Michael Heid. He was executive vice president…
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