Jason Bohrer has been named executive vice president and group executive of the Domestic Residential Group of AIG United Guaranty, a mortgage insurance company based in Greensboro, N.C.Among the business segments reporting to Mr. Bohrer will be DRG new business production, marketing, structured products, product development, credit policy, risk management, and business operations. Mr. Bohrer was most recently an EVP with SunTrust Mortgage Corp., and he also held management positions with national and regional mortgage lenders such as GMAC Mortgage Corp., Columbia National, and Dominion Bankshares Mortgage Corp.
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Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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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.
June 22 -
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.
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