Scott Carstens has been named chief financial officer of eLynx Ltd., a Cincinnati-based provider of secure document delivery and business process management Web services for the financial services industry.The company also announced the appointment of Alexander Pozin as the director of product marketing. The appointments will "help further solidify" the company's position in the mortgage finance market and position it to move into additional markets such as general financial services, auto finance, consumer lending, and insurance, eLynx said. Mr. Carstens previously held various posts in finance, accounting, mergers and acquisitions, planning, treasury, and sales at NCR Corp, Convergys Corp., OfficeMax Inc., TRW Inc., Oracle Corp., and Siebel Systems. Before joining eLynx, Mr. Pozin worked for Waterloo, Ontario-based Open Text Corp. as a product marketing manager, with Washington Mutual in strategic sourcing, and with Deloitte & Touche in consulting, eLynx said. The company can be found online at http://www.elynx.com.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Monday morning that the central bank will introduce two capital proposals that she said are aimed at boosting banks' role in the mortgage market.
February 16 -
The Public Interest Law Center filed an amicus curiae brief arguing against a joint motion to end a redlining agreement early against Lakeland Bank.
February 16 -
The mortgage broker trade group put out a white paper calling for lowering transaction costs, increasing housing supply and reducing regulatory barriers.
February 13 -
Fannie Mae and Freddie Mac will add loan-level buydown data to MBS this spring, giving investors clearer insight into prepayment risk tied to temporary rate incentives.
February 13 -
Mortgage delinquencies increased across loan types, and while 30-day late payments showed overall improvement, later-stage distress worsened.
February 13 -
The Bureau of Labor Statistics released its January Consumer Price Index Friday, showing that inflation rose 0.2%, while the annual rate eased to 2.4% after holding at 2.7% for several months. The data reduces the likelihood that the Federal Reserve will cut interest rates in the near future.
February 13




