A consultant and veteran mortgage- and asset-backed securities researcher has been named chief credit officer of Standard & Poor's in one of a series of executive appointments at the company. Mark Adelson, a former researcher for Nomura Securities International and Moody's Investors Service, has been named to the chief credit officer post as a managing director. In addition, former S&P chief credit and quality officer Clifford Griep has been named executive managing director of ratings risk management; and Neri Bukspan, previously the company's chief accountant, has been named chief quality officer and managing director.
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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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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 -
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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