Former Mortgage Bankers Association president Herbert B. Tasker has joined the board of directors of American Residential Investment Trust Inc., San Diego.He is currently vice chairman and managing director of AIG Centre Capital Group Inc. Previously he was the chairman and chief executive of Mason McDuffie Mortgage Co. and All Pacific Mortgage Co. Both companies were sold to larger firms, Mason McDuffie to Weyerhaeuser Mortgage Co., and All Pacific to Inland Mortgage. Mr. Tasker currently serves on the board of First American Title Co. ARIT chief executive John M. Robbins said, "Herb's extensive contracts in both the residential and commercial aspects of the business will be invaluable as we optimize the opportunities that lie ahead."
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The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
April 24 -
The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
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Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
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But in its earnings release, parent company Hilltop Holdings warned its full year 2026 results are going to be impacted by things outside of its control.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
The bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants in North Carolina, according to a study from the Americans for Financial Reform Education Fund.
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