The American Securitization Forum has named two newly elected executives to head its residential mortgage-backed securities subforum.The group said Jordan Schwartz, a partner with Cadwalader, Wickersham & Taft LLP, and Bill Felts, senior vice president at CitiMortgage, will be serving as co-chairs of the RMBS subforum. The elections took place at the organization's annual meeting in New York. Among other notable mortgage executives elected to posts at the forum was David Spector, senior managing director at Countrywide Home Loans, who has been named a new member of the ASF's board.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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