Frank Pallotta, a former Morgan Stanley mortgage origination executive, has become chief executive officer and owner of his own company, Steel Curtain Capital Group LLC, Mahwah, N.J. Mr. Pallotta was previously a managing director in Morgan Stanley's fixed-income division. He said his new company specializes in distressed/real estate-owned assets.
As businesses seek to increase their chances of appearing on ChatGPT and Claude, FAQs are in, but fancy websites are losing relevance, industry experts say.
On a day when the 10-year Treasury hit levels last seen in 2007, the Community Home Lenders of America celebrated an X post by Bill Pulte on increased MBS buys.
The Interlock group allegedly seized over 2 terabytes of data from NFM Lending, including its Encompass data, employee files and other internal information.
Non-qualified mortgages account for 23.1% of the series 2026-7 pool, by balance, and 43.4% of the loans in the pool were made to investors for business purposes and are exempt from the Ability-to-Repay rules.
Besides promoting Sridhar Sharma to CEO from president, the company named Andrew Bon Salle, ex-Fannie exec, as its new chairman, both replacing Chris Marshall.
Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.
