The Bond Market Association has named Marjorie Gross its new senior vice president and regulatory counsel.She previously worked at J.P. Morgan Chase, where she served as the head of the legal group in the company's Debt Capital Markets-Americas unit and was also a managing director and associate general counsel, TBMA said. In her new position, Ms. Gross is slated to "take a leadership role" in several association projects, including ongoing initiatives in two mortgage securities-related areas: fixed-income research and structured finance practices. Ms. Gross replaces John Ramsay, who left the association last year to become deputy general counsel at Citigroup Global Markets. TBMA can be found on the Web at http://www.bondmarkets.com.
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The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
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The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
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Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
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But in its earnings release, parent company Hilltop Holdings warned its full year 2026 results are going to be impacted by things outside of its control.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
The bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants in North Carolina, according to a study from the Americans for Financial Reform Education Fund.
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