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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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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