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 Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.
10h ago -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
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The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.
September 17 -
Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.
September 17 -
The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.
September 17