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The appointment of Lynne Biggio Herndon as chief credit officer marks the final step in the Phoenix-based bank's leadership reorganization.
The industry derides the proprietary trading ban as costly, and the Trump administration has heard those concerns. Yet regulators must choose between subtle though expedient pin-prick changes versus a more drastic overhaul.
Structured finance advisory firm Paladin Advisors hired Steve Campo as a managing partner in advisory services. Campo has over 30 years of experience as an accountant, issuer, financial guarantor and advisor in the ABS industry. Before Paladin, Campo founded SeaView Advisors, an advisory firm focused on bringing specialized services to the structured finance marketplace. Previously, he was a managing director […]
Kroll Bond Ratings made public the members of its senior management team, which include experts from a range of financial disciplines. According to the release, Kroll will distinguish itself by performing the deep analysis and emphasize ratings accuracy. It will also adopt the investment community’s perspective in forming its approach to ratings and corporate governance. It expects to […]
Not all servicers want to play the tortoise. Erbey claimed some of his rivals are accepting verbal verification and still granting mods. Others, like Citigroup Inc., are asking the government to ease income verification requirements.The danger is that doing so could effectively return to the days of stated-income loans, when lenders did not require verification […]