Loan Officers Who Sell Real Estate; Wells Expands Market Making in Mortgage-Backeds; FDIC Acts on a Thursday; Freddie Mac Bulletin
Posted To: Pipeline Press
Don't forget to "Spring Ahead" this Sunday morning. We lose an hour of sleep. The FDIC made a rare Thursday move and shut down LibertyPointe Bank This bank catered to the Orthodox Jewish community in Manhattan and Brooklyn, and will be taken over by Valley National. For anyone hedging with securities, there's a new broker dealer in town. Well, maybe not so new, but Wells Fargo Securities , who apparently is making a market in trading MBS's, according to news sources will add Kevin Jackson to its residential mortgage-backed securities (MBS) team. Jackson is leaving Merrill Lynch Bank of America to join Wells as part of a broader move to expand that platform. Did you hear the one about the parrot and Bank of America ? A nun and a parrot walked into a branch… never mind…(read more)