P. Sheridan "Schecky" Schechner is joining J.P. Morgan Chase as national head of origination for commercial mortgage-backed securities in the fall, according to a company spokesman.Mr. Schechner has worked at Goldman Sachs for the last 20 years, and his appointment to the newly created position at Goldman is a "pretty strong symbol we're planning on making a real investment in the business," the spokesman said. In his new position, Mr. Schechner will report to the co-heads of J.P. Morgan Chase's CMBS unit, Steve Schwartz and Brian Baker.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
6h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
9h ago -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
11h ago -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
11h ago -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
11h ago -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11