The Bond Market Association has reported that a managing director at Lehman Brothers will head its mortgage- and asset-backed securities division in 2004.David N. Sherr, head of Lehman's global mortgage business, will serve as chairman of the division and Thomas Marano, senior managing director and global head of the mortgage and asset-backed securities departments at Bear, Stearns & Co., will serve as vice chairman. The association can be found on the Web at http://www.bondmarkets.com.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
42m ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
2h ago -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
3h ago -
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
5h ago -
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24