Mark K. Tonnesen has been named president and chief executive officer of Triad Guaranty Inc., Winston-Salem, N.C., and its subsidiary, Triad Guaranty Insurance Corp., succeeding company founder Darryl W. Thompson, who is retiring.Triad said Mr. Tonnesen was most recently vice chairman and chief financial officer of RBC Insurance, a unit of Toronto-based Royal Bank of Canada. He has more than 20 years of management experience in the financial services industry. Mr. Thompson has been president of Triad since founding the company in 1987. Triad can be found on the Web at http://www.triadguaranty.com.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
36m ago -
GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
36m ago -
A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
36m ago -
House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25








