The United Kingdom's Council of Mortgage Lenders, London, has named Steven Crawshaw, the group chief executive of Bradford & Bingley PLC, its chairman for 2008. The council also named two deputy chairmen: Mark Parsons, Barclays managing director of home finance; and Richard Brown, managing director in the Bank of Ireland's personal lending unit. The CML can be found online at http://www.cml.org.uk.
The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
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