MortgageIT has hired Peter Duane as national sales manager, Brian Mapley as national operations manager and Jesse Tzimas as retail business administration manager, all reporting to Larry Schiavi, MortgageIT's senior vice president and national retail production manager for the retail lending division. Duane joins MortgageIT from HSBC Mortgage Corp., where he most recently served as senior vice president and national sales manager. Mapley, a 15-year veteran in mortgage banking, joins MortgageIT from HSBC where he served most recently as first vice president and operations manager for retail, home equity, and correspondent lending mortgage loan operations. Tzimas joins MortgageIT from HSBC where he most recently served as vice president and sales administration manager.
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Known for subprime financing, the sponsor has been making inroads lending to near-prime customers in the last couple of years.
2h ago -
Spreads ranging from 16-18 basis points over the three-month, interpolated yield curve on the P1 (Moody's) and F1+ (Fitch) notes, to 160 to 170 over the benchmark on the class D notes.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Broken down by product type, the agency's NJCLASS Standard Fixed product should account for a large majority of the loans, 75.4%. NJCLASS Consolidation will account for the next-largest group, 14.1%.
April 24 -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
April 24 -
The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
April 24