Robert N. Pruett has been named executive vice president and outsourcing relationship manager at EMC Mortgage Corp., Irving, Texas.Mr. Pruett was most recently vice president of international initiatives, business process outsourcing, and global mortgage origination services at Ocwen Financial Corp. Before that, he was managing director at RP Consulting in Scottsdale, Ariz., executive vice president and chief operating officer of Commac Inc. in Phoenix, and president/chief executive officer/chief financial officer of Matrix Financial Services in Phoenix. In related news, EMC also announced the appointment of Charles E. "Rick" Russell as senior vice president and chief litigation counsel. Mr. Russell was formerly deputy general counsel for regulatory and compliance matters for American General Finance Inc. and senior vice president in charge of litigation for Associates Financial Services Co.
-
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
11h ago -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
11h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
11h ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25