Lehman Brothers has named Eric Felder and Hyung Soon Lee as co-heads of the fixed-income area, which includes mortgage-backed securities. The two replace Andrew Morton, global head of fixed income since February 2008, who the company said is leaving the firm "to pursue other interests." Mr. Felder has been head of global credit products and municipal finance, and Mr. Lee has previously been head of capital markets, Asia-Pacific.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
