Freddie Mac executive Anthony Renzi has accepted a senior mortgage job with Citigroup, after weighing a position with Wilbur Ross’ fast-growing mortgage empire, according to industry sources.ASR sister publication National Mortgage News (NMN) tweeted about Renzi’s job offers on its Web site early Monday afternoon.
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Robert A. Harris has joined due diligence provider Clayton Holdings as general counsel, according to a release from the firm.
June 21 -
The Federal Reserve’s announcement that it will be extending Operation Twist disappointed mortgage investors as the statement did not include any additional mortgage purchases, according to a JPMorgan Securities midday report released Wednesday.
June 20 -
The limits on a national bank or thrift's exposure to a single borrower will now also include counterparties in derivatives transactions, according to an interim final rule released Wednesday.
June 20 -
The Federal Open Market Committee released a statement Wednesday confirming expectations that it would extend its “Operation Twist” program as well as continue reinvestment of principal payments in its agency MBS and debt holdings, prolonging downward pressure on long-term rates.
June 20 -
This week, the Mortgage Banker Association’s Government Refinance Index dramatically climbed to 8872 from 4010, which is a 120% week-over-week increase.
June 20
- Europe
The European Parliament voted yesterday to keep the recommendation for ratings rotation on all structured finance products.
June 20 -
Freddie Mac has raised its estimate for 2012 originations to $1.45 trillion in its latest economic and housing market outlook, citing lower expected 30-year rates.
June 20 -
In Tuesday’s Mortgage Strategy Weekly, FTN Financial analysts said that the speed of liquidation and loss severities within the RMBS market have a strong correlation.
June 20 -
NewStar Financial said it added Mark Denomme as a managing director for its leveraged finance group.
June 20 -
Mortgage application activity eased 0.8% in the week ending June 15 from the prior week due to a 9% drop in purchase activity.
June 20 -
The Consumer Financial Protection Bureau (CFPB) Tuesday promoted Steven Antonakes to head its bank supervision division and placed Paul Sanford in charge of large bank supervision.
June 20 -
The Consumer Financial Protection Bureau (CFPB) has fielded more than 19,000 consumer complaints about mortgage lenders and servicers with roughly 600 participants receiving some type of monetary relief.
June 20