Margo Cook, formerly a mortgage-backed securities specialist at BNY Asset Management, has been named executive vice president of the company, the investment management arm of The Bank of New York.Ms. Cook will be responsible for equity and fixed-income strategies for the institutional market, BNY said. Ms. Cook led Institutional Fixed Income Management for the company for the past nine years, and she previously held other positions such as senior portfolio manager and MBS specialist. The company also announced that Patrick K. Byrne has been named to replace Ms. Cook as head of Institutional Fixed Income Management. He was previously a senior portfolio manager specializing in MBS and asset-backed securities. The Bank of New York can be found online at http://www.bankofny.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.
September 24









