Deal May Mark Covered Bond Shift
Byline: Nora Colomer The Royal Bank of Canada on Sept. 12 pitched what some see as a game changer for U.S.-dollar covered bond issuance by foreign banks. The Canadian bank launched the very first U.S....
View ArticleARTBA: Transportation Spending Will See Modest Growth in 2013
WASHINGTON a Spending on transportation infrastructure construction is likely to grow a modest 3% next year to a total of $130.3 billion, according to the American Road and Transportation Builders...
View ArticleState and Local Groups Urge Congress to Pass Online Sales Tax Bill
WASHINGTON a State and local groups are aggressively lobbying Congress in the remaining few days of the lame duck session to pass legislation sponsored by three Senators that would allow governments to...
View ArticleDesign-Build-Finance Model Gaining Popularity at State Transportation Agencies
Byline: Caitlin Devitt CHICAGO a The increasingly popular design-build-finance model works best for transportation projects that are more than $100 million and owned by a sophisticated public issuer...
View ArticleLasting Lessons Learned from Storm Sandy
Byline: Hung Tran Hurricane Sandy disrupted financial markets in a way not seen since 1888, when a blizzard dumped 40 to 50 inches of snow across the tri-state area, forcing the New York Stock Exchange...
View ArticleClimate Change Financing and Sustainable Development
"There is a need to find ways of engaging new private investors, particularly institutional investors to help address the climate financing gap," Dr R Seetharaman, Group CEO of Doha Bank said at the...
View ArticleIran's Defiance of Global Politics Costs A Petroleum Sector & Infrastructure
NYMEX & ICE Are Setting The War Risk Premium In The Value Of Paper Crude Oil Which Means The Futures Markets Are Much More Focusing On The Political Price Than On The Real Supply/Demand Balance...
View ArticleSurvey Finds Many Borrowers Are Choosing Service over Price
Byline: Brad Finkelstein While the price (interest rate plus fees) of a mortgage is still important to many consumers, what is becoming even more important is the service they receive from the lender...
View ArticleWhere Is the Secondary Market Headed?
Byline: Editorial Staff The future of the secondary market remains a major concern among mortgage professionals, but so far there has been no movement by the government to resolve the situation. It is...
View ArticleGleacher Puts Its ClearPoint Wholesale Unit Up for Sale
Byline: Brad Finkelstein Gleacher & Co., a New York-based investment banker, said it is placing its ClearPoint wholesale mortgage origination business up for sale as it was unable to meet its goal...
View ArticleBrokers Feel Bullish about Their Industry
Byline: Brad Finkelstein The mortgage brokerage industry will become stronger over the next three to five years, a representative of Ridgewood Savings Bank told the New York Association of Mortgage...
View ArticleCorrespondent Buys Up at PMT
Byline: Paul Muolo PennyMac Mortgage Investment Trust-originally conceived as an investor in delinquent loans-posted record earnings of $40.4 million in the third quarter thanks to a booming business...
View ArticleThe Seven Deadly Words; If You Even Thing about These Terms, They Could...
Byline: Louise Thaxton As the year draws to a close, the smart mortgage professional is already beginning to work on their business plan for 2013. I want to take a short break from my regular series to...
View ArticleMBA Economists: $1.7 Trillion in '12, $1.3 Trillion in '13
Byline: Brad Finkelstein CHICAGO-Economists at the Mortgage Bankers Association predict this year will finish with $1.7 trillion in volume, while next year's originations will top out at $1.3 trillion....
View ArticleBeset by '07-'09 Claims, FHA Plans Premium Hike
Byline: Paul Muolo Swamped with a record $70 billion of claims from residential servicers on loans originated between 2007 and 2009, the Federal Housing Administration last month said it would hike...
View ArticleHurricane Sandy Shapes New York Brokers' Meeting
Byline: Brad Finkelstein Hurricane Sandy had a big influence on the events at the annual convention of the New York Association of Mortgage Brokers in Melville, N.Y. The storm itself delayed the...
View ArticleConsider a "Clients First" Philosophy; A Realtor Says Such a View Has Led to...
Byline: Brad Finkelstein All mortgage sales people have had to deal with many "clients from hell," those whose demands make the originator weigh whether the benefits of these customers (profits)...
View ArticleHOA Embezzler Sentenced to 46 Months without Parole
Byline: Evan Nemeroff The owner of a Kansas City, Mo.-based business was sentenced to 46 months in prison without parole for embezzling more than $750,000 from dozens of homeowners associations. Dale...
View ArticleBank's Pledge to Residential Finance Includes Jumbo TPO
Byline: Paul Muolo Ally Bank-which is in the throes of shedding its bankrupt mortgage division-is vowing to carry on in the residential finance sector, albeit in a reduced role and through third-party...
View ArticlePlacing a Focus on Best Practices
Byline: Brad Finkelstein It is a fast-paced world out there and consumers want things quicker and they don't want to hear stories about the extra time it takes for appraisals for compliance issues....
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