Washington Mutual, Seattle, has made some personnel changes to enhance its capital markets efforts. In one change, David Beck, chief investment officer, has been named executive vice president of WaMu's capital markets group. The group's activities include the marketing, trading and structuring of loans held for sale. Mr. Beck, who joined WaMu in April 2003, will continue to report to Tom Casey, WaMu's CFO, the company reports. Mr. Beck said, "As we continue to build our capabilities to reflect the growth and size of our organization, we have a great opportunity to leverage our scale in our capital markets organization." As well, Richard Fisher has been promoted to executive vice president of WaMu's commercial capital markets group. Working with Mr. Beck, Mr. Fisher will lead a team that is responsible for commercial loan product pricing and development, secondary marketing, securitization, syndication and portfolio management. Mr. Fisher was previously WaMu's manager of commercial secondary marketing.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
6h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
9h ago -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
11h ago -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
11h ago -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11