Alexander Gordon Jardin has been named chief executive officer of Franklin Credit Management Corp., a New York-based company that specializes in buying, managing, and selling subprime residential mortgage assets.Mr. Jardin, a member of the company's board, was most recently a consultant to start-up life and health reinsurance companies, Franklin said. From 2000 to 2004, he was president and chief operating officer of General USA Life Reassurance Co. and senior vice president for reinsurance at Business Men's Assurance Co., both wholly owned subsidiaries of Assicurazioni SpA, a global insurer based in Italy. Franklin can be found online at http://www.franklincredit.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.
8h 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.
9h 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.
10h 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.
11h 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.
April 21 -
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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