Links Securities Inc., a New York-based broker/dealer specializing in mortgage-backed securities and structured finance, has announced the appointment of three new managing directors.David Brindley and Jonathan Davis will be responsible for developing residential mortgage whole loan business, including origination, securitization, and settlement. Cameron A. Lochhead will be responsible for sales and general business development. Mr. Brindley was previously a senior vice president at Donaldson, Lufkin & Jenrette Securities Corp., specializing in mortgage and mortgage derivative products, servicing hedge strategies, and subprime mortgage originations. Mr. Davis was also a senior vice president at DLJ, where he was responsible for the structuring and settlement of new-issue whole loan collateralized mortgage obligations. Mr. Lochhead was formerly senior vice president for worldwide sales and marketing at Internet Securities, Boston.
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The lawsuit accuses the lender of violating 17 sections of the California labor code, including failure to pay all minimum, regular and overtime wages.
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Consumers have filed at least 30 such complaints against industry players this year for allegedly violating the Telephone Consumer Protection Act.
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In line with broader trends, the GSEs have been putting new limitations on forbearance and putting more of an emphasis on mods.
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AnnieMac Home Mortgage will pay 171,074 customers impacted in a 2024 hack, making it the fourth lender in recent weeks to end a class action suit over a breach.
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Fannie Mae and Freddie Mac are under directives to make mortgage-backed securities purchases that can exert downward pressure on rates or limit increases.
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The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued a joint notice of proposed rulemaking for the Community Reinvestment Act that would tailor requirements for smaller institutions and monitor which groups receive community development grants.
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