Barclays Capital has made two more appointments to its new mortgage-backed securities trading desk operation.Chris Leslie, who previously worked in MBS sales at Citigroup, has been named managing director responsible for MBS sales in the United States at Barclays, and Steve Cozine, who was head of non-agency collateralized mortgage obligations at Citigroup, has been named director and senior mortgage CMO trader and structurer. Barclays Capital can be found online at http://www.barcap.com.
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More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
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Seller-impersonation attempts more than doubled in two years, with artificial intelligence providing fraudsters new tools to commit crimes, a report said.
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Homebuyers who are preapproved have the best opportunity to take advantage of fall discounts, giving lenders an opportunity to roll out marketing around this.
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Bank of America upped its forecast for non-qualified mortgage issuance, with investors, particularly insurers, buying these and other non-agency securities.
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NAF Insurance customers save $719 on average, Phil Miller, senior vice president of strategic partnerships at New American said.
September 14 -
Polling suggests that Democrats could retake control of the House and have a formidable shot at the Senate as well. If they win both chambers, oversight of bank regulation, crypto and Trump administration officials will be the name of the game.
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