Robert W. Lee has been named senior vice president in the capital markets group of Mortgage Industry Advisory Co., a New York-based provider of risk management services.Mr. Lee is joining MIAC after a seven-year tenure at Lehman Brothers, which purchased Cohane Rafferty LLC in 2002. He was previously employed by Bayview Financial, where he was responsible for overall mortgage servicing analytics, transactions, and merger-and-acquisition assignments, MIAC said. Mr. Lee also spent seven years at PaineWebber. MIAC can be found online at http://www.servicing.com.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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