Steven M. Abreu has been named president and chief executive officer of GreenPoint Mortgage, a wholly owned subsidiary of North Fork Bancorp., Melville, N.Y.Mr. Abreu succeeds S. A. Ibrahim, who was recently named to take over as CEO of Radian Group Inc., a Philadelphia-based mortgage insurer, from the retiring Frank Filipps. Mr. Abreu has held numerous management posts at GreenPoint and its predecessor since 1988, most recently as an executive vice president responsible for production, sales, secondary marketing, investor relations, and new business.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
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McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18