Moody's Investors Service has named Nicholas Levidy and Paolo Obias managing directors in its commercial mortgage-backed securities group.Mr. Levidy joined Moody's in 1998 as a vice president/senior analyst. Before joining the credit rating agency, Mr. Levidy was a senior counsel for real estate and corporate finance with PNC Bank, according to Moody's. He will continue to report to Tad Philipp, co-head of Moody's U.S. CMBS group. Mr. Obias joined Moody's in 1997. From 1999-2001, he worked in the rating agency's Tokyo office. Prior to joining Moody's, Mr. Obias held professional positions at two Indonesian real estate firms, Moody's said. He will continue to report to Jim Duca, co-head of Moody's U.S. CMBS group. The rating agency can be found online at http://www.moodys.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 -
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 -
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 -
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.
September 24









