Jonathan Polansky, group managing director of the Asset Finance Group at Moody's Investors Service, has been named to the rating agency's newly created position of structured finance global surveillance coordinator. Mr. Polanksy will work closely with the rating agency's surveillance and line-of-business managers to enhance the monitoring of Moody's-rated structured deals, Moody's said. "Over the past several years, as the number of rated deals outstanding has grown rapidly, so has our investment of resources in the monitoring of those ratings," said Moody's executive vice president Noel Kirnon. "We have transferred a significant number of analysts and management resources to surveillance teams globally, and this latest appointment is another example of our commitment to this important area." Moody's can be found online at http://www.moodys.com.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
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A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
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The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
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The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
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