Brian Edmonds has been named managing director and head of the interest rates business for the Debt Capital Markets division of Cantor Fitzgerald, New York.The company said Mr. Edmonds will be responsible for building an interest rate trading operation and for managing interest rate risk across its mortgage, asset-backed, and credit businesses. He was most recently managing director and head of government bond trading at Banc of America. Before that, Mr. Edmonds spent several years at Credit Suisse First Boston in the same role, Cantor Fitzgerald said. Mr. Edmonds is chairman of The Bond Market Association's primary dealer committee. Cantor Fitzgerald can be found online at http://www.cantor.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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