Susan Barnes has been named practice leader and head of the Standard & Poor's Structured Finance Residential Mortgage group in North America.Ms. Barnes, previously the senior analytical manager of the residential mortgage group, will manage all of S&P's U.S. residential mortgage-backed securities activities, products, and analysts, the rating agency said. Before joining S&P in 1993, she worked at Citicorp Securities Markets and was previously employed at mortgage companies in both the primary and secondary markets. S&P said Ms. Barnes' activities in recent years included the development of "market-leading RMBS criteria related to anti-predatory-lending laws." S&P Ratings Services can be found on the Web at http://www.standardandpoors.com.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
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A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
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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.
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As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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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.
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