Citizens Financial Names Woods CFO

Citizens Financial Group named John F. Woods executive vice president and chief financial officer. He joins from MUFG Union Bank, where he served as CFO of the Americas.

PNC Announces Settlement With Freddie Mac

PNC Financial announced that its affiliate reached an agreement with Freddie Mac to resolve substantially all indemnification and repurchase obligations related to loans sold to Freddie Mac between 2000 and 2008.

Housing Market Outlook: From Gloom to Bloom

Freddie Mac said we should expect the healthiest spring home-buying season since 2007. Freddie notes that continued low mortgage rates, increasing prices and gradually improving consume confidence will help support increased home sales.

Freddie Mac Sues Banks for LIBOR Rate Rigging

According to major news sources, Freddie Mac has sued 15 big international banks, including JPMorgan, Bank of America and Citigroup, accusing them of rigging the LIBOR rate and causing huge losses for the mortgage giant.