S. Trezevant Moore Jr. has been promoted to the post of chief executive officer of Luminent Mortgage Capital Inc., succeeding Luminent founder Gail P. Seneca, who will remain as chairman.Mr. Moore joined the company in March 2005 as president and chief operating officer and has served as a director since November 2005. Luminent said Mr. Moore has 30 years of experience in the capital markets, with a focus on mortgages. Before joining Luminent, he headed capital markets operations at a major mortgage insurer and ran three mortgage conduit operations at investment banks, Luminent said. The company can be found on the Web at http://www.luminentcapital.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
8h 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.
8h 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.
8h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
11h 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