In a new report, the OCC highlights the nation’s credit, market, operational, and compliance risks, as well as other key issues facing the federal banking system.
Read More »Feds Prep Large Financial Institutions to Brace for Climate-Related Risk
The OCC, FDIC, and Federal Reserve have outlined a framework for the safe and sound management of exposure to climate-related financial risks for large financial institutions. Here’s what that means for the industry.
Read More »Cenlar Names Tom Byrne VP of Quality Control
Mortgage loan subservicer taps 30-year industry veteran for new role, overseeing both the internal QC team, and outsourced vendors, establishing objectives to drive the execution of Cenlar’s QC program.
Read More »Freddie Mac CEO DeVito Announces Retirement
Michael J. DeVito will move on from the role of CEO in the first quarter of 2024, as the GSE is set to begin its search for a successor to the position.
Read More »Fannie Mae Appoints Chetlur S. Ragavan to Its Board
Bringing decades of risk management and financial services experience to the role, the Risk Response, LLC Founder and Principal joins the GSE as the newest member of its Board of Directors.
Read More »Changing the Conversation
Fannie Mae’s Malloy Evans discusses how lessons learned from the 2008 housing crisis are being applied today toward the GSE’s goal of keeping more Americans in their homes.
Read More »Mr. Cooper Announces Executive Leadership Changes
Kurt Johnson has been named CFO of the mortgage servicer as Jaime Gow transitions from CFO to Strategic Advisor. In addition, Christine Paxton has been named EVP and Chief Risk and Compliance Officer.
Read More »Cenlar Appoints James Daras CEO and President
With more than 40 years of experience in risk management, banking, and corporate finance functions, and venture capital investing, James Daras is tapped to lead nationwide mortgage loan subservicer.
Read More »Q2 Critical Defect Rate up 6%
ACES Quality Management has released the findings of its latest Industry Trends Report for the second quarter of 2022, which found that the overall critical defect rate increased 6% compared to Q1 and crossed the 2% threshold for the third time in report history.
Read More »Fueling Growth in Mortgage Subservicing
ServiceMac President & CEO Bob Caruso shares his perspectives on the impact of technology on the servicing industry, and what lies ahead for the servicing sector in 2023.
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