In non-QM news, sources have said that Ravi Sharma has left Western Asset Management Company to pursue other opportunities. Last year at the Goldman Sachs 2016 Housing conference, Matt Scully at Bloomberg News reported that Western had purchased over $1B in non-QM mortgages. Mr. Sharma was a Portfolio Manager and Research Analyst brought over from PNMAC Capital Management for this role.
And private money lender CIVIC Financial Services has hired Merced Cohen, to direct the company’s operations as VP of Operations after being at Skyline Financial for ten years at EVP of Ops.
- Dec. 31: Rates, the Fed, world economies, affordability, and the shutdown – all tied together - December 31, 2018
- Dec. 29: FEMA reverses flood ruling; cybersecurity notes; observations on general housing trends - December 29, 2018
- Dec. 28: Doc automation product; FHA & VA changes around our biz; Agency deals continue to share risk - December 28, 2018