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Seattle FHLBank Hires Black Rock, OCC Veteran.(Comptroller of the Currency)(Federal Home Loan Bank of Seattle )(Brief Article)

Mortgage Servicing News

| June 01, 2005 | COPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Washington -- The Federal Home Loan Bank of Seattle has hired Black Rock Financial and a firm headed by former Comptroller of the Currency Eugene Ludwig to assist it in getting its finances and management practices in order.

According to officials familiar with the situation, Black Rock, including its managing director, Peter Fisher, is helping the GSE with its three-year business and capital management plan.

"Peter has been very helpful" to the FHLB, said one source.

Mr. Fisher is a former undersecretary at the Treasury Department and was also a top official at the Federal Reserve Bank of New York. (Black Rock's clients include Freddie Mac.)

Promontory ...

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