Shawn Matthews and Scott Moore have been promoted to senior managing directors and co-heads of Cantor Fitzgerald's mortgage-backed securities sales and trading business.The company said the promotions were made in conjunction with a "renewed commitment" to the MBS market. Mr. Matthews is based in New York, and Mr. Moore is based in Chicago. "The dislocation of the mortgage-backed securities market is a tremendous opportunity to capitalize on Scott's and Shawn's superb capabilities," said Howard W. Lutnick, chairman and chief executive officer of Cantor Fitzgerald. The company can be found on the Web at http://www.cantor.com.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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