Russell E. Johnson has been hired as senior vice president for loss management at Radian Guaranty Inc., a Philadelphia-based provider of mortgage insurance.Radian said Mr. Johnson was most recently senior vice president and director of servicing operations for American Residential Equities Inc. He was previously vice president and national servicing manager at Washington Mutual Bank, Radian said. Mr. Johnson also spent nine years at Wells Fargo, where he created and directed a subprime mortgage servicing platform. Radian, a subsidiary of global credit risk management company Radian Group Inc., can be found online at http://www.radian.biz.
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Nonbank mortgage firm Pennymac said having an in-house system gave it a leg up on implementation, while a vendor also reported progress in its systems testing.
57m ago -
United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
5h ago -
The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
August 12 -
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
August 12 -
Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
August 12 -
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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