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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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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