Renzi spent a large chunk of his career at GMAC, finishing his 23-years there as COO of ResCap and president of the mortgage division. He followed that up with a couple years as Freddie’s executive vice president for its single-family business.
FSOC continues to focus on the risk posed by nonbanks, which are key players in the MBS market. But is the regulator worrying too much? Opinions differ.
Thanks to a strong origination market, loan officers are in demand. The payment of "signing bonuses" is not unusual this time of year, but will the investment in top performers be worth it? Opinions can vary.
Then again, the concept remains untested. Letting nonbanks join the FHLB system was an idea recently floated by Federal Housing Finance Agency Director Mark Calabria…
Mortgage insurer Radian recently modified the severance agreements it has with certain executives, boosting termination pay to 150% from 100%. Of course, this only applies if it’s a “qualifying termination event"...