David Spector has been named managing director and head of the Pan-European residential mortgage business in Morgan Stanley's Securitized Products Group.Mr. Spector joins Morgan Stanley after 16 years at Countrywide Financial Corp., where he was most recently senior managing director of capital markets. He will be based in London and will be responsible for expanding Morgan Stanley's residential mortgage business in Europe, the company said.
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.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
