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.
-
The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
8h ago -
Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
June 22 -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
June 22 -
William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
June 22 -
The longtime Federal Reserve chair served under four presidents and presided over the deregulatory and pro-market push of the 1990s and early 2000s that set the stage for the 2008 mortgage crisis.
June 22 -
Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.
June 22









