D. Keith Johnson, formerly president and chief executive officer of Long Beach Mortgage, has been named president and chief operating officer of Clayton Holdings Inc., a Shelton, Conn.-based information and analytics company serving lenders, servicers, and the debt markets.Mr. Johnson was president and CEO of Long Beach, a subprime lending subsidiary of Washington Mutual Inc., from 2003 until March of this year, Clayton said. He was previously executive vice president and COO of WaMu's commercial group and chief financial officer of Bank United's mortgage division. Clayton CEO Frank Filipps said Mr. Johnson brings "a deep understanding of the dynamics of both origination and securitization, and the skills and track record to improve the efficiency of our clients' operations and our own." The company can be found online at http://www.clayton.com.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
8h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
July 11 -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11