The PMI Group appointed David Berson as chief economist and strategist. Berson's focus includes domestic and global market research and planning, support of government relations and public policy and strategic environmental planning. He has also acted as a PMI spokesperson on topics related to global economic housing, and mortgage market conditions, prospects, and policy. Berson comes to PMI from Fannie Mae, where he was vice president and chief economist since 1989. At Fannie Mae, Berson was responsible for advising the company on national and regional economic, housing, and mortgage policy and conditions, including forecasts and analyses of the economy, interest rates, and housing and mortgage finance markets. Berson was a senior member of the corporate strategy group, where he provided alternative views and risk analyses based on economic and market changes.
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The fixed-rate loans are divided into three sub-pools that relied on rating methods from the RMBS, CMBS and ABS sectors to assess their risks.
5h ago -
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
10h ago -
The portfolio does not have any meaningful originations that have completed a full repayment cycle, making the company's performance data thin.
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Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.
April 17 -
The Structured Finance Association questions whether funding closed-end seconds is an appropriate role for the government-sponsored enterprise, while newer lenders welcome the liquidity support.
April 17 -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
April 17