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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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
August 11 -
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
August 11 -
The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
August 11 -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
August 11 -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
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