S.A. Ibrahim, a 27-year veteran of the banking and mortgage industries, has been named chief executive officer of Radian Group Inc., a Philadelphia-based mortgage insurer and provider of credit enhancement products and services.Mr. Ibrahim, 53, succeeds Frank Filipps, who is retiring from Radian. The appointment is effective May 5. Mr. Ibrahim was most recently president and chief executive officer of GreenPoint Mortgage, and he was previously GreenPoint's chief operating officer, leading the company through the acquisition of Headlands Mortgage, Radian said. Mr. Ibrahim was also employed by American Express and by the mortgage lending unit of Chemical Banking Corp., where he was CEO and COO.
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In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
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A United Wholesale Mortgage executive stepped in to defend a claim against the company, as consumers pelt the industry with more spam call complaints.
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Adam Boyd, a veteran financial services executive with more than 25 years of experience, will head the growth of Rate's consumer lending platform.
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Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.
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Mike Kortas will be adding a separate mortgage servicing company and hiring NEXA loan officers to assist with the process and give them customer insights.
April 7 -
The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
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