Why regulators don’t want to cripple Ocwen; BAML promotes from CLO ranks; and Clifford Rossi moves to Radian.
More From Asset Securitization Report
New York Community elevates former Flagstar CEO amid continuing turmoil
Former Flagstar CEO Alessandro DiNello, who had been New York Community's nonexecutive chairman, was named executive chairman after the Long Island bank's stock price fell by more than 59% in a week. New York Community also issued updates on both its deposit situation and its search for a new chief risk officer.
Cadwalader beefs up structured finance team as regulatory environment intensifies
Applying blockchain technology to ABS is making progress, but cryptocurrency debacles are slowing a further rollout
By
John Hintze
Radian Hires Clifford Rossi as New Chief Economist
Financial services firm Radian Group has hired Clifford Rossi to be its chief economist and senior vice president.
Does Wells Fargo’s Mortgage Dominance Pose Excessive Risk?
Industry observers and regulators have taken note of Wells Fargo‘s dominance among the titans of the mortgage market. With more than a third of mortgage originations in the first quarter of 2012 and a strategy targeting 40% down the road, the company has benefitted from solid if not always stellar execution in mortgage production and […]
Open Conflict
Fitch Ratings caused a stir last month when Credit Suisse dropped the firm’s rating of an RMBS because it took a more critical view of the deal than two of its rivals. But what’s really notable is how rarely rating agencies give differing opinions on deals, despite rules adopted by the Securities and Exchange Commission […]