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Albert Sohn, previously head of securitized products at Credit Suisse, will move into alternative investments in asset management at the bank. In his new position, Sohn will manage structured credit and residential real estate assets, according to an internal memo obtained by ASR.
January 7 -
The MBS sector was off to the races as 2012 trading got underway and participants returned from the year-end holiday break. Books opened back up while the supply/demand technical outlook appeared very favorable.
January 6 -
The November Mortgage Monitor report from Lender Processing Services (LPS) showed that mortgage delinquencies at the end of last November were close to 25% less versus the January 2010 peak.
January 6 -
PHH Corp., which this week ousted its CEO amid perceived liquidity concerns, may start selling some of its huge holdings of mortgage servicing rights, according to industry analysts.
January 6 -
Mortgage bankers funded $26.6 billion of Jumbo loans during the third quarter of 2011, a handsome 30% gain from the same period a year earlier, according to new survey figures compiled by ASR sister publication National Mortgage News (NMN) and the Quarterly Data Report.
January 6 -
One day after his appointment as the director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray sent a clear signal that he intends to move aggressively to enforce the agency's expanded authority.
January 6 -
Talks to sell Citigroup's high-risk-borrower lender, OneMain, have been put on hold given the depressed macroeconomic environment, according to several media reports.
January 6 -
Wells Fargo & Co. has agreed to pay nearly $1 million in restitution to Maryland residents who lost their homes to foreclosure after receiving so-called "Pick-a-Payment" mortgages.
January 6 -
Delinquencies on home equity lines of credit rose a scant two basis points in the third quarter to 1.93%, according to new figures compiled by the American Bankers Association (ABA).
January 6 -
Two high ranking Democratic congressmen plan to hold a hearing later this month in Chicago to highlight the failure of mortgage servicers to adequately maintain foreclosed properties.
January 6
