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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Nonbank mortgage firm Pennymac said having an in-house system gave it a leg up on implementation, while a vendor also reported progress in its systems testing.
56m ago -
United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
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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.
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