Bank of America Merrill Lynch has hired Wall Street veteran Steve Harris as managing director in charge of mortgage sales for its Americas division. Harris will report to Michael Hokin, head of America's mortgages and securitized product sales at the bank. According to StructuredFinanceNews.com, Hokin-who was formerly head of global securitized markets sales at Citigroup-joined Bank of America Merrill last September. Prior to his hiring, Harris had a six-month stint at Rafferty Capital as a manager in structured products. From 1987 to 2009 he worked for Goldman Sachs as a manager in mortgage sales.
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Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Economic uncertainty and higher rates in May contributed to the second decline in applications for new homes on an annual basis, reversing March gains
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