Morgan Stanley’s chief executive said on Tuesday that he supports “strong and effective regulatory reform” and that Wall Street must “rebuild trust” with Main Street. James Gorman, who became CEO on January 1, met with Morgan Stanley shareholders less than a week after sources said federal prosecutors and the New York Attorney General were investigating the bank’s and other banks’ roles in transactions that occurred in the run-up to the subprime mortgage crisis.
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While many homebuilders, such as D.R. Horton and Tri Pointe Homes, significantly reduced the number of new home starts over the last quarter amid sluggish homebuyer demand, Smith Douglas Homes Corp. is taking a different approach, akin to that of Lennar. Pace over price. The builder’s strategy reflects a commitment to affordability and serving the […]
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HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]