Sheila Bair, who chaired the Federal Deposit Insurance Corp. during the financial crisis, has joined Fannie Mae’s board of directors, the U.S. mortgage financing agency announced. So reports Reuters.

Santander Bank plans to cut 66 jobs this fall at its Villanova, Penn., mortgage offices, the bank revealed in a regulatory disclosure. So reports the Philadelphia Inquirer.

Jason Freskos, the president and CEO of Sequoia Mortgage Capital, has been arrested over an allegation that he sexually assaulted a woman during a recent trip to Hawaii. So reports Hawaii News Now.