S. Trezevant Moore Jr. has been named president and chief operating officer of Luminent Mortgage Capital Inc., San Francisco.Mr. Moore will replace Albert J. Gutierrez as president. Luminent said Mr. Gutierrez will concentrate on the company's agency and mortgage-backed securities spread portfolio. Mr. Moore was most recently executive vice president of capital markets for Radian Guaranty and previously held several senior-level posts in the mortgage industry, Luminent said. The company can be found online at http://www.luminentcapital.com.
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Credit risk transfers, a means by which banks can move risk off their balance sheets, earned considerable bipartisan support in a House Financial Services subcommittee hearing Wednesday.
April 22 -
The addition of HELOCs at SoFi comes alongside the launch of a new advisory group, as the company heightens its focus on real estate lending.
April 22 -
The enterprises also still plan to add FICO 10T but the release of the historical data stakeholders in their market can use to assess it has taken longer.
April 22 -
Builder mortgage units saw Q1 profit slides (NVR down 17%) despite an 11% rise in new home loan applications. Overall homebuilder net income dropped, and sales incentives remain high.
April 22 -
Toll Brothers' purchase of Buffington Homes of Arkansas will extend its national outreach with a strong presence in northwest Arkansas, the company said.
April 22 -
Treasury Secretary Scott Bessent on Wednesday defended cuts to the Community Development Financial Institution Fund in the president's 2027 budget, telling the Senate Appropriations Committee that the program had pursued a "partisan wish list."
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