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Experienced Capital Markets Expert Joins First Community Mortgage in Newly Created Role

Retrieved on:

Friday, December 1, 2023

FHLMC, Economics, Equal housing lender, Wholesale and Retail (constituency), NMLS, Executive, Ithaca College, Love, GNMA, The Last Best Place, Tennessean, Nature, FCM, Fannie Mae, Capital market, FNMA, American City Business Journals, Skiing, Management

NASHVILLE, Tenn., Dec. 1, 2023 /PRNewswire/ -- First Community Mortgage (FCM) has named Jeff Pancer to the new position of Executive Vice President, Capital Markets. With a distinguished career spanning over three decades in secondary markets, Pancer brings a wealth of experience and insight to the Nashville-based national mortgage provider.

Key Points:

Jeff Pancer brings unmatched insight, experience and strategic leadership to FCM's new EVP of Capital Markets role
NASHVILLE, Tenn., Dec. 1, 2023 /PRNewswire/ -- First Community Mortgage (FCM) has named Jeff Pancer to the new position of Executive Vice President, Capital Markets.
With a distinguished career spanning over three decades in secondary markets, Pancer brings a wealth of experience and insight to the Nashville-based national mortgage provider.
"Jeff has made invaluable contributions to the field of capital markets, making him a trusted and respected authority in the field," says Dan Smith , President of First Community Mortgage.
First Community Mortgage, Inc. is a wholly owned subsidiary of First Community Bank of Tennessee and includes Wholesale and Retail divisions.

Century Health & Housing Capital Partners with LendingStandard for Cutting-Edge SaaS HUD Solution

Retrieved on:

Tuesday, October 24, 2023

Federal Housing Administration, Software as a service, FHA, Organization, Partnership, GNMA, Government National Mortgage Association, Automation, Insurance

"The LendingStandard Saas HUD solution is a best-in-class business-enablement solution that will enhance our processes and help us to deliver on our commitment to service excellence."

Key Points:

"The LendingStandard Saas HUD solution is a best-in-class business-enablement solution that will enhance our processes and help us to deliver on our commitment to service excellence."
Mark Costa, CRO of LendingStandard, expressed enthusiasm about the partnership: "We are thrilled to join forces with Century Health & Housing Capital in their pursuit of innovation and excellence.
Our state-of-the-art SaaS HUD solution is designed to empower organizations like Century Health to operate at peak efficiency."
The new SaaS HUD solution will provide Century Health & Housing Capital with a comprehensive suite of tools to facilitate the management of Federal Housing Administration (FHA) loans and related processes.

Quantalytix Proprietary Database Plays Pivotal Role in Ground-breaking Housing Study Published in Top 10 Real Estate Journal

Retrieved on:

Wednesday, April 12, 2023

Quantalytix developed a proprietary database that collected and analyzed mortgage market data aggregated to lenders and originators.

Key Points:

Quantalytix developed a proprietary database that collected and analyzed mortgage market data aggregated to lenders and originators.
Data provided by Quantalytix ultimately yielded key research findings for the housing industry that may have long-run implications for investors and taxpayers in the event of default.
Yerkes said, “We found prior research focuses extensively on mortgage origination but less so on secondary market effects from securitization.
What differentiates Quantalytix is how we can make large, complex data, useful,” said Chris Aliotta, Quantalytix Co-founder and CEO.

Stifel Launches Agency Structured Products Group to Expand Origination Products and Services

Retrieved on:

Thursday, February 16, 2023

ST. LOUIS, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced the launch of an Agency Structured Products Group, which has the mandate to expand the firm’s footprint in agency commercial mortgage-backed securities (ACMBS) and further enhance its fixed income origination products and services.

Key Points:

Industry Veterans Karen Cady and Russell McKay Appointed Group Co-Heads;
ST. LOUIS, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced the launch of an Agency Structured Products Group, which has the mandate to expand the firm’s footprint in agency commercial mortgage-backed securities (ACMBS) and further enhance its fixed income origination products and services.
To lead this new effort, Stifel announced the hiring of former Credit Suisse executives Karen Cady and Russell McKay as Co-Heads of the Agency Structured Products Group.
“Our launch of the Agency Structured Products Group is fueled by a desire to meet client needs and continue growing our fixed income product offering,” said Eric Needleman, Global Head of Fixed Income Capital Markets at Stifel.
Russell McKay joins Stifel from Credit Suisse, where he was Head of the Agency CMBS Trading and Syndicate Desk.

ANDREW (ANDY) MCCORMICK TO RETIRE FROM T. ROWE PRICE

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Thursday, February 9, 2023

GNMA, Chartered, Fitzsimons, City University, AllianceBernstein, FISC, Greenwich, NatWest Markets, City, University of London, Government National Mortgage Association, T. Rowe Price, Bank of America National Trust & Savings Ass'n v. 203 North LaSalle Street Partnership, CIO, National Crisis Management Committee, Bank, McCormick, Bayes Business School, Management, Security (finance)

BALTIMORE, Feb. 9, 2023 /PRNewswire/ -- T. Rowe Price, Inc. (NASDAQ-GS: TROW), announced today that Andrew (Andy) McCormick, head of the firm's Global Fixed Income division and one of the firm's chief investment officers (CIOs), plans to retire at the end of 2023. McCormick, who also serves as chair of T. Rowe Price's Fixed Income Steering Committee (FISC) and as a member of the firm's Management Committee, will be succeeded by Arif Husain, who is also one of the firm's CIOs and is currently head of International Fixed Income and a portfolio manager.

Key Points:

BALTIMORE, Feb. 9, 2023 /PRNewswire/ -- T. Rowe Price, Inc. (NASDAQ-GS: TROW), announced today that Andrew (Andy) McCormick, head of the firm's Global Fixed Income division and one of the firm's chief investment officers (CIOs), plans to retire at the end of 2023.
McCormick joined T. Rowe Price in 2008 after beginning his investment career in 1983.
At that time, he will assume McCormick's position on T. Rowe Price's Management Committee and leadership of the FISC.
Following its typical robust succession planning process, T. Rowe Price has outlined a thoughtful transition for strategies currently led by Husain.

Origin Bancorp, Inc. Reports Earnings for Fourth Quarter and 2022 Full Year

Retrieved on:

Wednesday, January 25, 2023

Net charge-offs to total average LHFI (annualized) decreased to 0.01% for the quarter ending December 31, 2022, compared to 0.07% for the quarter ending September 30, 2022.

Key Points:

Net charge-offs to total average LHFI (annualized) decreased to 0.01% for the quarter ending December 31, 2022, compared to 0.07% for the quarter ending September 30, 2022.
Classified loans increased $4.4 million at December 31, 2022, compared to the linked quarter, and represented 1.05% of LHFI, at December 31, 2022, compared to 1.01% at September 30, 2022.
Noninterest income for the quarter ended December 31, 2022, was $13.4 million, a decrease of $294,000, or 2.1%, from the linked quarter.
Average FHLB advances were $511.9 million for the quarter ended December 31, 2022, a decrease of $12.0 million from $523.9 million for the quarter ended September 30, 2022.

KBRA Assigns Ratings to FMC GMSR ISSUER TRUST, MSR COLLATERALIZED NOTES, Series 2019-VF1, Series 2020-PIAVF1 and Series 2020-SAVF1

Retrieved on:

Wednesday, January 11, 2023

Corporate Advance Rates are 68.42%, 31.58% and 45.26% for FHA, VA and USDA advances, respectively.

Key Points:

Corporate Advance Rates are 68.42%, 31.58% and 45.26% for FHA, VA and USDA advances, respectively.
These notes are backed by the same participation interests created in the underlying MSRs that support the previously issued term notes.
These events include early amortization of the term notes when the amount funded against the VFN falls below $30.0 million.
The advance rate percentages for the applicable advance types as set forth in the Series 2020-PIAVF1 and Series 2020-SAVF1 Indenture Supplement are as follows:

CMG Home Loans Announces More Affordable Construction Financing, Giving Home Buyers More Options in a Low-Inventory Market

Retrieved on:

Friday, December 16, 2022

Millennials, Consumer, SAN, HUD, RHS, CMG, FNMA, GNMA, FHLMC, COVID-19, Real estate

The COVID-19 pandemic has left home buyers with significantly fewer options on the market, and next year will likely pose additional inventory challenges.

Key Points:

The COVID-19 pandemic has left home buyers with significantly fewer options on the market, and next year will likely pose additional inventory challenges.
CMG Home Loans is committed to giving more buyers more options at a more affordable cost during a time when they need it most.
With CMG's construction financing program, buyers can expand their options and look beyond the homes currently on the market.
One of the best features of CMG's construction financing is the lower down payment requirements than most other construction loans.

CMG Financial Named a Top Employer for Mortgage Women

Retrieved on:

Thursday, December 8, 2022

NMP, Woman, Consumer, Executive, Family, SAN, HUD, RHS, American Business Media, News, CMG, Scotsman Guide, FNMA, Growth, GNMA, FHLMC, Publication, Trial balance, Management, Real estate

SAN RAMON, Calif., Dec. 08, 2022 (GLOBE NEWSWIRE) -- CMG Financial, a well-capitalized privately held mortgage banking firm headquartered in San Ramon, CA, was recognized as a 2022 Top Employer for Women in Issue 6, 2022 of Mortgage Women Magazine.

Key Points:

SAN RAMON, Calif., Dec. 08, 2022 (GLOBE NEWSWIRE) -- CMG Financial, a well-capitalized privately held mortgage banking firm headquartered in San Ramon, CA, was recognized as a 2022 Top Employer for Women in Issue 6, 2022 of Mortgage Women Magazine.
"Women are a growing and influential demographic in the mortgage industry, and many companies are rightly reforming their company culture to be more accepting and inclusive," notes Mortgage Women Magazine.
CMG Financial has long supported women in the industry, dating back to the early days of the company.
In 2022, 44 women at CMG Financial ranked as a Top 1% Originator by Scotsman Guide.

HECM Loan Data, Smart Assumptions, and Cross-Sector Trade Impact Headline New Edge Platform Functionality

Retrieved on:

Wednesday, December 14, 2022

Data, Data management, GNMA, Data science, FHA, Software as a service, HECM, MBS, Risk assessment, LTV, Multimedia, DTI Data, Delinquent, Acquisition, Risk, Real estate, Mobile phone

As with conventional datasets available on Edge, users slice and dice by any loan attribute to create S-curves, aging curves, time series and other decision-useful analytics.

Key Points:

As with conventional datasets available on Edge, users slice and dice by any loan attribute to create S-curves, aging curves, time series and other decision-useful analytics.
Smart Assumptions: Rather than relying on static assumptions to back-fill missing credit scores, DTIs, LTVs and other data on loan acquisition tapes, the Edge Platform now employs a smart, dynamic approach to creating more educated estimates of missing assumptions based on loan characteristics.
Cross-Sector Trade Impact: As a provider of loan and securities analytics, RiskSpan is making it easier to forecast the combined performance of loan and securities portfolios together in a single view.
This new functionality is the latest in a series of enhancements that is making the Edge Platform increasingly indispensable for Agency MBS traders and investors.