Glenn Boyd has been named head of mortgage strategy at Barclays Capital, the investment banking division of Barclays PLC, London.Mr. Boyd will be responsible for building a mortgage research team that will support the company's residential mortgage-backed securities business, Barclays Capital said. He will be based in New York. Mr. Boyd was most recently with UBS, where he was a director in the Mortgage Strategy Group, and he was previously in the Mortgage Strategy Group at Credit Suisse First Boston. Barclays Capital can be found on the Web at http://www.barclayscapital.com.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
August 13 -
While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
August 13 -
The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
August 13 -
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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