twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Financial Regulation News | Mortgage Regulations
Bank and mortgage regulators, regulations and regulatory actions. Coverage of regulatory legislation and testimony.
Obama Selects Regulator for Fannie, Freddie

Joseph Smith to be nominated as FHFA director

Nov. 12, 2010

By staff

The Barack Obama administration has tapped a state bank commissioner to run the federal regulator that oversees more than $5 trillion in mortgages.

In August 2009, Federal Housing Finance Agency director James B. Lockhart III disclosed that he would leave the regulator. Lockhart, who was appointed by the Bush administration in 2006, was subsequently hired by billionaire Wilbur Ross as vice chairman of WL Ross & Co. LLC.

Since Lockhart's departure, Ed DeMarco has been serving as acting director.

Today, the Obama administration announced a permanent replacement.

Joseph A. Smith Jr. will be nominated by Obama to become FHFA director, an announcement from the White House said.

In the statement, Obama said Smith has "a deep commitment to strengthening our housing finance system."

As director, Smith will regulate Fannie Mae, Freddie Mac and the Federal Home Loan Bank System. Fannie and Freddie own or guarantee around $5.5 trillion in mortgages -- more than half of the U.S. mortgage market.

Smith has been North Carolina Commissioner of Banks since June 2002. His current term was scheduled to end on March 31.

In North Carolina, home of Bank of America Corp. and the location of the former headquarters of Wachovia Corp., Smith oversaw firms and individuals engaged in mortgage banking and brokerage in addition to financial institutions.

Smith who graduated from Davidson College and the University of Virginia Law School, is also a founding member of the board of managers of State Regulatory Registry LLC -- a limited liability company that was established to implement the nationwide mortgage licensing system.

next story

back to current headlines

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Political Mortgage News | Mortgage Laws
Mortgage people in politics. Political contributions by mortgage companies. Coverage of political support by lenders and executives. GSE lobbying and issues.

GSE News | Fannie/Freddie Share Statistics
Fannie, Freddie and FHLB news. Coverage of government sponsored enterprise regulation, operations and litigation.

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders