Patricia Cook, the former executive vice president and chief business officer of Freddie Mac, has been hired by Green Tree, a provider of loan servicing solutions, capital markets, and industry expertise headquartered in St. Paul, Minn., as executive vice president, business development. Ms. Cook will be responsible for directing Green Tree's business development effort as well as launching new business initiatives that are complementary to Green Tree's core servicing platform. Prior to joining Freddie Mac in August 2004, she served as managing director and chief investment officer for fixed income at JP Morgan Fleming Asset Management. Prior to that, she held similar positions at Prudential Investment Management and Fisher Francis Trees & Watts.
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The fiscal condition at the government agency is much healthier today than when the Department of Housing and Urban Development put the policy into effect back in 2013.
December 20 -
Activity from smaller mom-and-pop investors dominates the segment, but their impact on overall housing prices might be overstated, Corelogic's research found.
December 20 -
Flood insurance could hold up some home sales and lending, while major bank regulatory agencies will remain funded even if the government is unable to pass the necessary legislation before funding runs out.
December 20 -
The Federal Housing Administration is suggesting servicers get early access to the funds they have advanced at a time when many T&I payments have been high.
December 20 -
A borrower alleges the bank made billions of dollars in profit off millions of dollars in rate lock extension fees it wrongly charged mortgage customers.
December 20 -
Boomer wealth surged by $19 trillion in just under five years, with approximately half coming from home equity, according to new Freddie Mac research.
December 20