Maureen Stewart joined NewOak Capital as managing director of mortgage credit and compliance services, where she will help establish an “integrated, expert-driven mortgage credit advisory services platform.”
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A $25 million penalty collected by the Consumer Financial Protection Bureau (CFPB) last month is focusing attention on an aspect of the fledgling agency's powers that was long overlooked but now carries large political significance.
August 6 -
It stands to reason that with delinquencies falling and home values firming up that mortgage servicing rights are poised for a handsome increase in value. But judging from the latest earnings statements from the nation’s megabanks, nothing could be farther from the truth.
August 5 -
It was an Olympic week in the markets this week with three top tier events: Federal Open Market Committee (FOMC), European Central Bank (ECB) and July employment.
August 3 -
SunTrust Banks in Atlanta will offer a new loan program that allows borrowers to refinance their existing private student loans.The SunTrust Bank Private Student Loan Consolidation Program gives approved borrowers the choice of a fixed- or variable-interest rate in addition to several repayment terms, according to First Marblehead, a third-party administrator of student lending activities for SunTrust. The program will begin accepting applications in early August.
August 3 -
Due diligence provider Risk Management Group (RMG) said that Charles Cacici has resigned from his position as managing member of the firm. Cacici plans to focus on personal endeavors, according to a statement from RMG.
August 3
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Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.
August 3 -
2012 2011 2010 ABS (Public + 144A) 143,716.1 85,834.2 82,215.6 ABS (Public + 144A excluding CDOs) 130,172.4 79,783.8 80,965.3 ABS (Public Only) 83,886.8 43,832.5 39,491.2 ABS (144A Only) 59,829.4 42,001.7 42,724.3 Non-Agency MBS 33,218.1 45,437.9 13,192.7 Agency MBS 190,415.8 253,566.9 308,276.8 CMBS 21,582.6 26,152.5 15,255.9
August 3 -
The factors would appear to be in place. The Dodd-Frank Wall Street Reform and Consumer Protection Act's Volcker Rule places new restrictions on the big Wall Street banks' bond inventories that, along with new Basel III capital rules, should increasingly push trading of fixed-income, including ABS, to electronic markets.
August 3 -
MORTGAGE DATA 30-yr. Fixed 15-yr. Fixed 5-yr Treasury 1-yr Treasury- MBA Refi Home Purchase Rate Mortgage Rate Mortgage Indexed ARMs Indexed ARMs Index Index Week ending 08/30/12 3.59%
August 3 -
Abandoned after the financial crisis, commercial real estate (CRE) is once again becoming fertile ground for loan growth.
August 3 -
President Obama disagrees with the Federal Housing Finance Agency's (FHFA) refusal to allow principal reductions on mortgages but can do little to stop it, according to Housing and Urban Development secretary Shaun Donovan.
August 3 -
World Omni Financial Corp. today filed an S-3 the Securities and Exchange Commission (SEC) to issue under its World Omni Auto Receivables Trust.
August 3