The Securities Industry and Financial Markets Association has announced the appointment of Sean Davy as managing director in the mortgage-backed securities and securitized products division in New York. He will act as a staff adviser and be responsible for the division's legal, regulatory and market practice initiatives. Mr. Davy brings experience in the securitization and structured products markets, especially in the MBS area, SIFMA said. He was most recently a director and global relationship manager with Deutsche Bank AG's global banking division.
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The ex-worker who was terminated for unprofessional conduct has allegedly disparaged the brokerage and is refusing to return loan files and leads.
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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.
August 11 -
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
August 11 -
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.
August 11 -
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.
August 11 -
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.
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