Thursday, December 11, 2014

The Web continues Brian Brooks. New Fannie vice president

Fannie Mae announced Monday that a former bank executive and managing partner at a Washington law firm will join its leadership.
Brian Brooks will take over as executive vice president, general counsel and corporate secretary on Nov. 10 2014, according to a news release. Brooks has been serving as vice chairman and chief legal officer at OneWest Bank in Pasadena.

Brooks received his law degree with honors from the University of Chicago, and holds a BA in Government from Harvard University from which he graduated cum laude.

“I can see him (Brian brooks) being excited about helping Fannie Mae build a strong housing finance system,” O’Melveny chairman Brad Butwin said. “He’s really smart, good on policy, plays well with others.”
In 2010, Brooks represented former Federal Reserve Chairman Alan Greenspan and others during Financial Crisis Inquiry Commission hearings, a bipartisan panel tasked with teasing out causes of the financial collapse of 2008.

June 12, 2008
WASHINGTON -- Democratic Party stalwart James A. Johnson quit as an adviser to the Barack Obama campaign, where he was helping to screen potential running mates, as new details emerged about loans Mr. Johnson received from mortgage lender Countrywide Financial Corp.
Mr. Johnson, who led mortgage buyer Fannie Mae from 1991 to 1998
In a statement, Sen. Obama said, "Jim did not want to distract in any way from the very important task of gathering information about my vice presidential nominee, so he has made a decision to step aside that I accept."

A Democratic power broker who remains a paid consultant to Fannie Mae, Mr. Johnson was a major beneficiary of a Countrywide program known as "Friends of Angelo," which arranged loans for friends of Chairman and Chief Executive Angelo Mozilo at attractive rates.

A lawyer for Mr. Johnson, Brian Brooks, said the former Fannie Mae chief is a client of Countrywide's "private mortgage banking" division, which caters to wealthy customers. He said Mr. Johnson never sought special treatment. "He submitted applications in the normal course like anyone else would," he said.

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