Cyrus Brinn has been promoted to chief executive officer of GHR Systems Inc., Wayne, Pa., and David Morrison has been promoted to executive vice president and general manager of GHR's Mortgage Automation Solutions division.Mr. Brinn joined GHR in 1998 as executive vice president and has served as the company's president and chief operating officer since June 1999. He will share the title of CEO with Allan Redstone, a cofounder of GHR. "Since 1984, Brinn has been pioneering the design and development of numerous automated lending systems including mortgage loan origination, secondary marketing, closing, servicing, asset management, investor reporting and securitization," the company said. Mr. Morrison started with GHR in 2000 as senior vice president of client services. GHR Systems, a provider of lending automation technology, can be found on the Web at http://www.ghrsystems.com.
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The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
April 24 -
The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
April 24 -
Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
April 24 -
But in its earnings release, parent company Hilltop Holdings warned its full year 2026 results are going to be impacted by things outside of its control.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
The bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants in North Carolina, according to a study from the Americans for Financial Reform Education Fund.
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