David Jacob has been named executive managing director and head of structured finance ratings at Standard & Poor's Ratings Services. Mr. Jacob replaces Vickie Tillman, who has been acting head since January when Joanne Rose became executive managing director for risk and quality policy at S&P. The rating agency termed Mr. Jacob "a pioneer in the securitization industry" with 25 years of experience in fixed-income investment analysis and the structured finance markets. Most recently a principal with Adelson & Jacob Consulting, he previously led the Structuring Department at Nomura Securities International and was later managing director and head of international fixed-income research. He was managing director and head of fixed-income research at JPMorgan, and served as vice president and head of quantitative analytics at Morgan Stanley. S&P can be found online at http://www.standardandpoors.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.
7h ago -
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
9h ago -
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.
10h ago -
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.
10h ago -
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.
11h ago -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
August 11









