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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Five years after the Champlain Towers South collapse, while overall condo sales have held steady, the Miami market has had an 8 percentage point drop in share.
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Low immigration and fertility rates paired with aging boomers could weaken the foundation of housing demand over the next decade, the MBA finds.
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The notice of proposed rulemaking promotes manufactured housing loans backed by personal property while advising the rollback of requirements in other areas.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
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Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
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