BANKING Sovereign CEO may face ouster PHILADELPHIA - The embattled chief executive of Sovereign Bancorp may be in a fight for his job and a board meeting next week could decide his fate.
A 14-month investigation finds a misuse of assets, but the state declines to take civil or criminal action against the former trust president, Barry Munitz.
NEW YORK----Fitch rates C-BASS mortgage loan asset-backed certificates, series 2006-CB7 as follows: $698,190,000 class A senior certificates 'AAA'; $28,562,000 class M-1 'AA+'; $40,803,000 class M-2 'AA'; $14,508,000 class M-3 'AA-'; $14,054,000 class M-4 'A+'; $14,961,000 class M-5 'A'; $9,974,000 class M-6 'A-'; $9,067,000 class M-7 'BBB+'; $8,161,000 class M-8 'BBB'; $14,054,000 class B-1
IRVINE, Calif.----Rod Colombi has been named executive vice president, corporate development, at Option One Mortgage Corporation. In this new role, which reports to President and Chief Executive Officer Bob Dubrish, he will work with the executive team to develop and execute the company's strategic plans.
PIMCO, one of the world's leading fixed-income managers, announced today that three registered investment companies managed by PIMCO, PIMCO Funds, PIMCO Variable Insurance Trust, and PIMCO Commercial Mortgage Securities Trust, Inc., have increased the size of their Boards to seven, and appointed Ms.
ESCONDIDO -- Escondido became the first California city to ban renting property to illegal immigrants on Wednesday, bringing to a head months of divisive arguments in the community, and possibly setting the city up for a protracted legal battle. View A Video -
SACRAMENTO, Calif.----In the face of a seemingly never-ending barrage of wrenching news stories mourning the fates of would-be homeowners who've been duped by mortgage fraud - now, more than ever - the importance of working with a certified escrow practitioner has become glaringly clear - especially for Californians.
