Huh interesting, Fannie Mae seems to be selectively leaking information to illegally collude with competition and move the mortgage rate. Love picking winners and losers
https://apnews.com/article/fannie-mae-freddie-mac-firing-pulte-data-a4f8c53df74fef83ec7fd07e3d524746
WASHINGTON (AP) ā A confidant of Bill Pulte, the Trump administrationās top housing regulator, provided confidential mortgage pricing data from Fannie Mae to a principal competitor, alarming senior officials of the government-backed lending giant who warned it could expose the company to claims that it was colluding with a rival to fix mortgage rates.
Emails reviewed by The Associated Press show that Fannie Mae executives were unnerved about what one called the āvery problematicā disclosure of data by Lauren Smith, the companyās head of marketing, who was acting on Pulteās behalf.
āLauren, the information that was provided to Freddie Mac in this email is a problem,ā Malloy Evans, senior vice president of Fannie Maeās single-family mortgage division, wrote in an Oct. 11 email. āThat is confidential, competitive information.ā
He also copied Fannie Maeās CEO, Priscilla Almodovar, on the email, which bore the subject line: āAs Per Director Pulteās Ask.ā Evans asked Fannie Maeās top attorney āto weigh in on what, if any, steps we need to take legally to protect ourselves now.ā
While Smith still holds her position, the senior Fannie Mae officials who called her conduct into question were all forced out of their jobs late last month, along with internal ethics watchdogs who were investigating Pulte and his allies.