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Topic: Richard Syron

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Business News // 1 decade ago

Former Fannie, Freddie executives charged

U.S. finance regulators have charged former executives of the nation's largest mortgage brokers with misleading investors about their risky mortgages holdings.

Business News // 1 decade ago

Freddie Mac warned of risks, sources said

The chief executive officer of the Federal Home Mortgage Corp. did not heed warnings the company was headed for trouble, sources said.

Business News // 1 decade ago

Freddie Mac head: U.S. economy could sink

The U.S. economy could sink as the media show evicted homeowners standing helplessly in front of their foreclosed homes, Freddie Mac's head said Tuesday.

Business News // 1 decade ago

Fannie, Freddie to buy subprime loans

Fannie Mae and Freddie Mac will buy billions of dollars in subprime home mortgage loans, the U.S. mortgage finance companies said Wednesday.

Top News // 1 decade ago

Freddie Mac investing in Katrina-hit areas

Freddy Mac, the housing finance company, plans to put $1 billion into mortgages and home-repair loans in areas damaged by Hurricane Katrina.

Business News // 1 decade ago

Freddie Mac names McQuade president

Freddie Mac Thursday named Eugene McQuade president and chief operating officer, effective Sept. 1.

Business News // 2 decades ago

Freddie Mac may be close to settlement

Federal regulators investigating Freddie Mac's accounting are seeking $100 million or more from the company to settle possible civil charges.

Business News // 2 decades ago

Freddie Mac taps Syron for CEO

Freddie Mac is expected to announce it has selected Richard Syron, a former head of the American Stock Exchange, to become its new chief executive officer.

Quotes

We have seen a ton of foreclosures, but we have not seen a lot of pictures of people standing in front of their house with their furniture on the front lawn saying, 'What am I going to do?
Freddie Mac head: U.S. economy could sink Dec 11, 2007

Richard F. Syron is a former chairman and chief executive officer of the Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac. He previously served as chairman and CEO of Thermo Electron Corp., and as CEO of the American Stock Exchange.

Syron was graduated from Boston College with a bachelor's degree and earned advanced degrees in economics from Tufts University.

He served as assistant to Paul Volcker, then the chairman of the Federal Reserve Board, in 1981 and 1982, and previously served as deputy assistant secretary of the United States Treasury. In that with responsibility for developing the department's position on all domestic economic policy issues, and extensive interaction with other executive branch agencies, Congress and the public.

FULL ARTICLE AT WIKIPEDIA.ORG

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It uses material from the Wikipedia article "Richard Syron."