Kent Saari has been named chief operating officer of Capital Markets Cooperative, a provider of expertise and economies of scale in the secondary mortgage market based in Ponte Vedra Beach, Fla.CMC also named two senior vice presidents: Mike Cook as SVP of national accounts and Tim Hood as SVP and national sales manager. Mr. Saari, who has more than 20 years of mortgage banking experience, specializes in mortgage interest rate risk management, delivery optimization, mortgage pipeline management, and warehouse management, CMC said. He most recently managed capital markets for Waterfield Mortgage. Mr. Cook has held senior positions at Washington Mutual Bank, Tuttle & Co., American Savings Bank, and Fannie Mae, and Mr. Hood has held management posts at ABN AMRO Mortgage Group, FNBA, and General Electric Mortgage Insurance Co. CMC can be found online at http://www.capmkts.org.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
27m ago -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
51m ago -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
2h ago -
In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27