Peter DiMartino, a well known research analyst, has been named senior managing director and asset-backed and mortgage credit strategist at Bear, Stearns & Co.Mr. DiMartino was most recently the chief asset-backed security/mortgage credit strategist at RBS Greenwich Capital for four years. He was previously employed for 14 years at Citigroup (formerly Salomon Brothers), where he was a director and head of the ABS and Mortgage Credit Research group, Bear Stearns said. Bear can be found on the Web at http://www.bearstearns.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 -
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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