AnnieMac Home Mortgage CEO Joe Panebianco started his career on Wall Street, and while he didn’t stay there long, he says it has played a key role in shaping how he leads his company. Processing Content So too has his subsequent work at the helm of a growing independent mortgage bank. In that role, he […]
How AnnieMac’s CEO applies Wall Street thinking to lending Read More »
Newrez has agreed to settle a pay-to-pay case with a consumer who was moving to certify a proposed class of at least thousands of aggrieved individuals. Processing Content Borrower Eugenio Alvarez sued the company in 2024, accusing its servicing subsidiary Specialized Loan Servicing of up-charging borrowers with $7.50 fees to process mortgage payments via telephone.
Newrez settles pay-to-pay case amid class certification push Read More »
Key takeaway: JPMorganChase and Bank of America objected to the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge, arguing the change could distort how regulators measure a bank’s reliance on short-term wholesale funding. Expert quote: “The removal of the [short-term wholesale funding] denominator causes the
Clash of titans: GSIB proposal pits megabank against megabank Read More »