The Bond Market Association has appointed Robbin Conner as its new staff advisor to the association's mortgage-backed securities and securitized products division.Mr. Conner, who will hold the title of vice president and assistant general counsel, "has extensive business and legal experience in the securitization markets, including [collateralized debt obligations] and other key areas of focus for the MBS and securitized products division," according to the association's associate general counsel, Lynnette Hotchkiss. Mortgage-related areas at the association that Mr. Conner will oversee include MBS fails and nontraditional mortgage products. The Bond Market Association can be found on the Web at http://www.bondmarkets.com.
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
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ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
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Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.
June 26 -
Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
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