Frederick Cannon, an equity researcher in the mortgage sector, has been promoted to the newly created positions of associate director of research and chief equity strategist of Keefe, Bruyette & Woods Inc. Mr. Cannon, 51, joined KBW in 2003, providing equity research on banks and thrifts specializing in the mortgage sector. He was previously executive vice president and director of investor relations at Golden State Bancorp and its subsidiary, California Federal Bank.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
10m ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
34m ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
42m ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
3h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25