Christopher Mortello has been named managing director of structured finance surveillance overseeing the asset-backed and residential mortgage-backed securities portfolios of Assured Guaranty Corp., New York. Mr. Mortello, who previously spent over 10 years at Assured underwriting structured finance transactions, has over 18 years of experience in financial services, 14 of which were in asset securitization, the company said. Most recently, he was head of ABS at PMI Guaranty Co. Assured, a subsidiary of Assured Guaranty Ltd., can be found on the Web at http://www.assured guaranty.com.
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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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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