Once more, why would anyone go to work for a company that is being investigated for fraud and at the core of robo-signing?

LinkedIn-

Janis Smith joined MERSCORP in 2011, where she is responsible for corporate communications strategy and initiatives, media relations, media risk management and internal communications.

Smith has provided strategic communications, media relations, and writing services to Fannie Mae and other organizations as a contractor/consultant since 2009, and from 2000 to early 2009, she managed a team of professionals who reported publicly on Fannie Mae’s financial performance, business and economic data and fixed-income securities. She was also a media spokesperson for the company.

Smith’s previous employers include the Office of the Comptroller of the Currency – Administrator of National Banks (OCC) from 1993 to 2000; and, the Office of Thrift Supervision (OTS) from 1989 to 1993. The OCC and OTS are financial institution regulatory agencies and bureaus of the U.S. Department of Treasury. Smith was also employed by the Federal Home Loan Bank Board (FHLBB) from 1986 through October 1989, and at the Federal Home Loan Bank of Boston from 1982 to 1985. From 1981-1982, she worked in the trust department of The Massachusetts Companies, Inc., in Boston.

[LINKEDIN]

By Hugh Son – Dec 27, 2010 5:48 PM ET

Ally Financial Inc., the auto and home lender majority owned by the U.S. government, said its mortgage unit reached a $462 million settlement to resolve repurchase claims by Fannie Mae on $292 billion in home loans.

Ally, formerly known as GMAC Inc., said the settlement covers loans serviced by its GMAC Mortgage unit for Fannie Mae before June 30 and mortgage-backed securities it sold to Fannie Mae. The accord was reached on behalf of Ally’s Residential Capital unit and some of its subsidiaries, the Detroit-based company said today in a statement.

Chief Executive Officer Michael Carpenter, preparing Ally for a share sale that would allow the government to withdraw support, is trying to resolve ResCap’s losses linked to representations and warranties on home loans. Mortgage buyers invoke the clauses to force lenders to buy back faulty loans.