Sandler O'Neill Partners LP hired Carlos Mendez to lead its new structured finance group and assist in sales and trading of mortgage-backed securities and other fixed-income products. Mendez joins the firm from Institutional Credit Partners LLC where he was senior managing director in the capital markets division. Sandler O'Neill also hired as managing directors in the new group: Joshua Eaton, Andrew Mauritzen and Chris Howley. Eaton most recently was general counsel and co-chief operating officer of Dune Capital Management LP, where he served in an advisory role on the acquisition of IndyMac Federal Bank from the Federal Deposit Insurance Corp. Mauritzen and Howley also were managing directors at Institutional Credit Partners.
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SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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The bank's marketing, which hid the nature of its solicitations, led some borrowers to apply for cash-out refis that increased monthly payments, the OCC said.
April 16 -
While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024's level.
April 16 -
Three-quarters of buyers assume AI has already been embedded in the housing ecosystem, but 55% would prefer to work with a human to secure a mortgage.
April 16 -
Federal Reserve Gov. Stephen Miran Thursday said that the Iran war and tariffs will not have long-term impacts on inflation, but did say he is reconsidering his rate cut outlook for the year.
April 16 -
This week's Freddie Mac mortgage rate survey shows rates at the lowest in four weeks, but homebuyers are giving mixed signals even with improved purchase power.
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