Smith Barney has hired Prudential official Bradley Ball to be its new mortgage equities analyst, replacing the departing Matt Vetto.Mr. Ball worked for Prudential Securities as recently as late September. As an analyst there, he covered Freddie Mac and other stocks. An official at Citigroup said Mr. Vetto, who could not be reached for comment, went to work for a hedge fund. Mr. Vetto's coverage universe included Fannie Mae, Freddie Mac, and Countrywide Financial.
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.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
