The Bond Market Association has chosen Randolph Snook, a long-time fixed-income market participant, to be executive vice president and head of its New York office.Mr. Snook was a partner at member firm Goldman, Sachs & Co. and has worked for many years in the corporate credit markets at Goldman and, before that, Drexel Burnham Lambert. As EVP, Mr. Snook will be responsible for overseeing day-to-day operations in the association's New York office, including the various U.S.-based asset class divisions (mortgage-backed securities, municipals, securitized products, governments, and funding) as well as technology and operations.
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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.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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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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