Walter Buczynski, a former top executive of Fieldstone Mortgage, jumped to his death over the weekend from the Delaware Memorial Bridge after allegedly killing his wife, authorities say. Among subprime firms, Columbia, Md.-based Fieldstone ranked 23rd, according to the Mortgage Industry Directory. The company filed for bankruptcy protection in November. According to combined news reports, police said marital problems led Mr. Buczynski to kill his wife, not the financial woes of the now-defunct lender. In February 2007, C-BASS bought Fieldstone, a publicly traded real estate investment trust, for $260 million. (Last summer, in the wake of the margin calls, MGIC and Radian wrote down their interest in C-BASS by $1 billion.) The Burlington County (N.J.) prosecutor's office said the former executive, 59, left a suicide/murder note inside his car indicating that his wife could be found in their home in Southern New Jersey. Authorities said their two sons were safe.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









