Jack Radin has been named senior vice president for capital markets at MortgageIT Inc., the New York City-based mortgage lending subsidiary of MortgageIT Holdings.Mr. Radin, a 24-year veteran of the residential mortgage banking business, was most recently director of mortgage finance at E*Trade Financial, MortgageIT said. Before that he was a managing director of finance and business development for Pedestal Inc. in Washington D.C., where he developed a virtual Internet mortgage conduit. Mr. Radin has also held positions at Mellon Mortgage Co., Weyerhaeuser Mortgage Co., and Mason-McDuffie Mortgage Corp.
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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.
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The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
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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.
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Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
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