Mark A. Casale has been named executive vice president for mortgage insurance at Radian Group Inc., a Philadelphia-based provider of credit risk management products and services.Mr. Casale, 41, will be responsible for the company's mortgage insurance business in the United States. Mr. Casale was most recently Radian's senior vice president for capital markets, and was responsible for developing credit enhancement solutions for nonprime mortgage originators and securities firms. Before joining Radian in 2001, Mr. Casale held several executive positions in Advanta Corp.'s mortgage group. Radian can be found on the Web at http://www.radian.biz.
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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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May 10