Ken Hackel has joined RBS Greenwich Capital Markets as managing director and co-head of fixed-income strategy, and Alec Crawford has joined RBS Greenwich Capital as managing director in the mortgage pass-through trading group.Mr. Hackel, who previously was chief U.S. fixed-income strategist at Merrill Lynch, will be responsible for coordination and oversight of RBS Greenwich Capital's mortgage-backed securities strategy as well as asset allocation. Mr. Crawford previously was a managing director and head of the mortgage and cross-rates strategy group at Deutsche Bank Securities.
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The Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.
September 17 -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
September 17 -
Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
September 17 -
The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.
September 17 -
Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.
September 17 -
The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.
September 17