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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Cases involving accusations of redlining, kickbacks, underpaid employees and more swept across the mortgage industry in recent months.
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Broward County in Florida has the highest property tax increase since 2019, at 56.80%.
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Fees falling outside of tolerances cost the industry more than $1 million per 1,000 loans, according to an ICE Mortgage Technology study from earlier this year.
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Submit your production volume from last year to be considered among the top in your field. The deadline for submissions is Feb. 28, so don't dally!
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The Consumer Financial Protection Bureau released a proposed version of the consent order on Jan. 17 and the company involved said it was finalized that day.
January 21 -
Bright Financial denied the allegations that the company and its affiliates paid kickbacks to real estate brokers and agents in exchange for referrals.
January 21