John M. Draghi has been promoted to the position of chief operating officer of C-BASS, a New York-based company that acquires, services, and securitizes, credit-sensitive residential mortgages.In addition, C-BASS named Marc Rosenthal and Noelle Savarese co-heads of capital markets, and Mr. Rosenthal was also named chief investment officer. Mr. Draghi has served as the company's chief investment officer since 1996, and he was previously responsible for all the firm's investment activities as head of capital markets, C-BASS reported. Mr. Rosenthal and Ms. Savarese have been managing directors in the capital markets area, Mr. Rosenthal since 2004 and Ms. Savarese since 2000. C-BASS is an affiliate of MGIC Investment Corp. and Radian Group Inc.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
2h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
5h ago -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24 -
The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
April 24