Amherst Holdings LLC, an Austin, Texas-based company that assists institutional investors in the U.S. residential mortgage market, is expanding overseas to Asia. Paul Kan, previously a senior vice president and senior trader of mortgage-backed securities and securitized products for Asia at Lehman Brothers, has been named managing director of the new Hong Kong-based venture. The company said its initial focus will be on facilitating securities transactions in the United States between Asian accounts and Amherst's broker-dealer affiliate, Amherst Securities Group LP.
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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.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
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.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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