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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The RMBS notes benefit from geographic diversity and credit enhancement.
10h ago -
A Consumer Financial Protection Bureau "waives any alleged noncompliance" by the mortgage company while continuing to dole out redress to borrowers.
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Refinance apps made up more than 40% of all mortgage applications last week, driving an uptick as consumers seek out cheaper mortgage payments.
July 2 -
The chairman and regulator of Fannie Mae and Freddie Mac pointed to Jermone Powell's recent testimony about renovations to the Federal Reserve's headquarters.
July 2 -
It's a rare theft of trade secrets complaint by the industry leader, which stayed out of the spate of litigation between competitors during the refinance boom.
July 2 -
Navy Federal Credit Union will not pay a $15 million fine or $80 million in restitution to service members who were illegally charged surprise overdraft fees when their accounts had sufficient funds.
July 2