Al Crisanty has been promoted to the newly created position of executive vice president and national production manager of American Brokers Conduit, the wholesale division of American Home Mortgage Investment Corp., a mortgage real estate investment trust based in Melville, N.Y.Mr. Crisanty will oversee the company's wholesale production on a nationwide basis, ABC said. "The new position has been created to effectively manage ABC's unprecedented growth and is part of an overall reorganization of the company, which includes expanding its regions nationally from two (East and West) to five (Northeast, Southeast, Midwest, Intermountain, and West)," the company said. Mr. Crisanty joined ABC in August 2003 as senior vice president of Western sales. He previously headed national production for Capitol Commerce Mortgage and held senior executive positions in secondary marketing, correspondent lending, and wholesale production over the past 24 years, ABC said. ABC can be found on the Web at http://www.abconduit.com.
-
The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
August 12 -
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
August 12 -
Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
August 12 -
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
August 12 -
Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
August 12








