Patricia L. Cook, a Wall Street veteran, has been named executive vice president of investments at Freddie Mac, and she will join the company on Aug. 2.Freddie Mac said Ms. Cook will be responsible for its approximately $630 billion retained mortgage portfolio and debt issuance, as well as risk management strategies for assets and liabilities. The position was formerly held by Gregory Parseghian, who in the wake of the company's accounting scandal was named chief executive officer of Freddie Mac but was later forced to resign. Ms. Cook was most recently managing director and chief investment officer for global fixed-income investments at JPMorgan Fleming Asset Management. She was also managing director and chief investment officer for fixed income at Prudential Investment Management, and she held management posts with Fisher Francis Trees & Watts and Salomon Brothers Inc.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
March 27