Julie Joseforsky has been named chief administrative officer of Key Consumer Finance, a division of Cleveland-based KeyCorp.She will focus especially on optimizing technology and operations across the company's Consumer Finance organization, including its home equity, prime services, and Champion businesses, Key said. Ms. Joseforsky was previously director of direct lending and director of compliance for Household International, and she held similar positions in the consumer lending group at Banc One.
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The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
3h ago -
The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
4h ago -
One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
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There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
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Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
7h ago -
Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
May 10