Capmark Financial Group, Horsham, Pa., has appointed William F. Aldinger III president and chief executive officer of the company.Capmark, formerly GMACCH, said Mr. Aldinger is replacing Robert D. Feller, who is leaving the company. He will also serve on Capmark's board of directors. Most recently, Mr. Aldinger served as the chairman and CEO of HSBC North America Holdings, until his retirement last year, Capmark said. He has also been with Wells Fargo Bank, Citibank, and the U.S. Trust Co.
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The Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
September 17 -
Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
September 17 -
The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.
September 17 -
Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.
September 17 -
The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.
September 17