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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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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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.
August 13 -
While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
August 13 -
The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
August 13 -
More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
August 13 -
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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