Leo C. O'Neill, a Standard & Poor's executive whom the rating agency said "played a key role in expanding the company's growth and influence in the capital markets," died due to complications from cancer on Tuesday.Mr. O'Neill previously was president of S&P and recently retired from that position. (Kathleen A. Corbet, formerly a top executive at Alliance Capital Management, succeeded him in that position.) Mr. O'Neill was known for recognizing "key trends driving the financial markets - globalization, privatization, disintermediation and securitization" and for positioning S&P "as the benchmark provider of ratings, indices, risk evaluations and research on a global basis," according to Harold McGraw III, the chairman and president of S&P's corporate parent, The McGraw-Hill Cos. The McGraw Hill Cos. can be found online at http://www.mcgraw-hill.com and S&P can be found on the Web at http://www.standardandpoors.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
5h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
5h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
6h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
8h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25