Samuel D. Marsico has been named senior vice president and chief risk officer of Genworth Financial Inc., a Richmond, Va.-based holding company that provides mortgage insurance and other insurance products.Mr. Marsico was most recently CRO of the company's mortgage insurance business, where he helped support its international expansion, Genworth said. He replaces Mark W. Griffin, who became the company's chief investment officer in October. Before joining Genworth in 1997, Mr. Marsico held various posts in auditing and finance with Price Waterhouse and General Electric Co. Genworth can be found online at http://www.genworth.com.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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