Royal Bank of Scotland subsidiary RBS Greenwich Capital has reported the expansion of its mortgage- and asset-backed securities department.The Greenwich, Conn.-based company said it has hired a total of eight experienced institutional salespeople in the past two years, most recently Scott Auker and Kevin Blaney. Both were previously vice presidents in the mortgage division at J.P. Morgan Chase. RBS Greenwich Capital can be found online at http://www.greenwichcapital.com.
Fannie Mae and Freddie Mac are under directives to make mortgage-backed securities purchases that can exert downward pressure on rates or limit increases.
The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued a joint notice of proposed rulemaking for the Community Reinvestment Act that would tailor requirements for smaller institutions and monitor which groups receive community development grants.
Christopher J. Gallo, formerly of NJ Lenders Corp., generated billions of dollars in loan volume over a five-year stretch that prosecutors scrutinized.
The Wall Street Journal reported federal whistleblower allegations exist, citing unnamed sources and viewed documents, but the firm said it has seen no proof.
The homebuilder's net income for the second quarter was half of what it was a year ago but a seasonal lift improved results relative to the first quarter.
Fintech GoodLeap is buying homeowner relationships for renovation loans with rewards and originators competing on rate alone may be behind.
