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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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
August 13 -
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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