Two mortgage industry veterans from The Murrayhill Co., a 1990s-era third-party credit risk management firm, have reunited to form a new due-diligence venture supportive of whole loan trading and bond-buying decisions. Murrayhill founder Sue Allon will serve as chief executive officer of Allon Financial, the new Denver-based venture. Daniel Gallery has been named the new company's president. Allon Financial also has acquired Edison Mortgage Decisioning Solutions, a due-diligence and data/analytics reporting company, including the mortgage analysts from EMDS's staff and EMDS's proprietary due-diligence technology.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
6h ago -
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
7h ago -
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
8h ago -
The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
9h ago -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
9h ago -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
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