Citigroup, New York, has given responsibility for risk oversight of its real estate and mortgage exposure to Greg Hawkins, a pioneer in the development of fixed-income valuation models. Notable aspects of his career include his start in 1985 on Wall Street as a mortgage researcher at Salomon Brothers, a firm later acquired by Citi, and his later involvement with the Long-Term Capital Management hedge fund as a founding partner in 1993. He is one of four new senior risk managers who will report to Brian Leach, the new chief risk officer. Mr. Leach, the successor to retiring Citi CRO Jorge Bermudez, is the CRO and co-chief operating officer of Citi's Old Lane hedge fund and was one of the six managers involved in the liquidation of LTCM.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
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The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
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Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
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Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
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Better's home equity loan product can be originated in a week or less, the company says.
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The top five producers had an average dollar loan volume of more than $140 million in 2023.
April 23