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.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
6h ago -
Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
7h ago -
More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
8h ago -
Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
9h ago -
The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
11h ago -
March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
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