Linda Knight has been promoted from senior vice president and treasurer of Fannie Mae to executive vice president for capital markets.Ms. Knight joined Fannie Mae in 1982 as senior market analyst and has been SVP and treasurer since 1993, the government-sponsored enterprise said. Fannie Mae said Ms. Knight will be one of two business-unit risk officers in the Capital Markets Group, which was previously known as the Portfolio Division. The GSE also announced the promotion of three executives to positions in the Capital Markets Group: David Benson, to senior vice president and treasurer; Ramon de Castro, to senior vice president for capital markets -- mortgages; and Andrew Bon Salle, to senior vice president for capital markets -- lender channel.
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Jonathan Gould, President Donald Trump's pick to lead the Office of the Comptroller of the Currency, passed through the Senate Banking Committee on a party-line 13 to 11 vote.
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United Wholesale Mortgage led its industry peers in total origination volume, though Rocket Mortgage and Crosscountry weren't that far behind.
1h ago -
Mortgage rates remain in the 6.6% range, with the tariff news so far having little impact, but could change given the 35 basis point drop in the 10-year yield.
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The underlying prime mortgages have an average balance of $358,024, a weighted average (WA) original FICO score of 776, an original cumulative loan-to-value (LTV) ratio of 73.6%.
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UWM, embroiled in an us-or-them feud when it comes to business partners working with Rocket, terminated its subservicing and sales deals with Mr. Cooper.
3h ago -
Compliance concerns prevent some lenders from moving toward development of an AI plan or policy, but hesitancy may turn out to be a poor business strategy.
4h ago