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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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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