Florida Amendment 3 and MSR Values for Servicers

MAI Capital Management, a Cleveland-based registered investment advisor with $80.4 billion in client assets, has hired former KeyBank and Bank of America information and technology executive Amy Brady as a managing partner to oversee strategic initiatives, including AI optimization, workflow efficiencies and the firm’s women and wealth strategy, the company announced Tuesday. Brady, who brings…

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Mortgage rates are based on bonds, but whereas bonds improved slightly from Friday’s levels, mortgage rates are microscopically higher for the average lender. The issue is timing. Mortgage lenders set rates last Friday during a time of day when bonds were at their best levels. In other words, today’s improvement is only an improvement relative…

Key insight: The Main Street Capital Access Act passed the House in a 270-155 vote.  Forward look: It’d be very difficult to get new legislation through the Senate, especially with the opposition of Senate Banking Committee ranking member Sen. Elizabeth Warren, D-Mass., but the bipartisan appeal of the vote signals that some of the provisions…

The company is looking to expand its reach in Europe and building up its backlog.

Together has joined the Equity Release Council. The specialist lender provides first charge, second charge and bridging finance, as well as later life lending. The council said Together’s membership brings additional expertise and perspective as the later life lending market evolves. Together personal finance chief executive John Barker said: “The organisations that will define the…