Get the Band Back Together
Last week, David Stevens, the CEO of the Mortgage Bankers Association (MBA), announced that he will be staying on with MBA and not joining SunTrust Banks (STI) on July 16 as President of SunTrust Mortgage, which was announced in May. I don't know what the back story is for this last-minute change, but I do have a hunch about what may be going on behind the scenes.
Before I continue, I want to stress that I have had no communication with Stevens about this issue or with anyone associated with him....443 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.