Stephen L. Ledbetter, senior vice president of MBS for the Ginnie Mae, is leaving the agency for a senior position at the Federal Deposit Insurance Corp. (FDIC), according to officials familiar with the matter.
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Greenlight Financial Services, Irvine, Calif., will enter the wholesale channel and hopes to fund its first loan some time early next year.
October 26 -
Quantifi has launched a free online information source for professionals involved in counterparty risk management and credit valuation adjustment (CVA).
October 26 -
New home sales rose 5.7% in September thanks to strong purchase activity in the South and West, according to government figures released Wednesday morning.
October 26 -
Mortgage application activity picked up a modest 4.9% in the week ending Oct. 21 as conforming and Federal Housing Administration (FHA) mortgage rates held steady.
October 26 -
The nearly 900,000 borrowers who already refinanced through the Home Affordable Refinance Program (HARP) will not get another chance to lower their mortgage rates under the White House's newly revised initiative.
October 26
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President Obama today will announce a series of additional steps to help Americans manage their student loan debt and make it easier for students to repay their loans. These measures are likely to affect prepayment rates on FFELP loans.
October 26 -
U.S. house prices dropped 0.1% on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index.
October 25 -
Holtmeyer & Monson promoted Penny Newbauer to executive vice president. The firm said it also hired Josh Miller as vice president to play a key role in driving the company's ongoing expansion.
October 25 -
In a just-released report, Fitch Ratings said that one-in-three rating proposals for new structured finance transactions need considerable changes before these offerings can be rated.
October 25 -
Marine cargo container lessors are likely to cut back in spending if the global economy slows more than expected, according to Standard & Poor's analysts.
October 25 -
Citigroup has signed a deal to continue issuing private-label credit cards for Sears Holdings Corp. and its brands, including Kmart and Lands' End, the companies said on Tuesday.
October 25 -
A revised plan to help underwater borrowers refinance into historically low interest rates is likely to boost competition among mortgage lenders and roughly double the number of people already helped by the government program, according to analysts and industry representatives.
October 25