Al Crisanty has been promoted to the newly created position of executive vice president and national production manager of American Brokers Conduit, the wholesale division of American Home Mortgage Investment Corp., a mortgage real estate investment trust based in Melville, N.Y.Mr. Crisanty will oversee the company's wholesale production on a nationwide basis, ABC said. "The new position has been created to effectively manage ABC's unprecedented growth and is part of an overall reorganization of the company, which includes expanding its regions nationally from two (East and West) to five (Northeast, Southeast, Midwest, Intermountain, and West)," the company said. Mr. Crisanty joined ABC in August 2003 as senior vice president of Western sales. He previously headed national production for Capitol Commerce Mortgage and held senior executive positions in secondary marketing, correspondent lending, and wholesale production over the past 24 years, ABC said. ABC can be found on the Web at http://www.abconduit.com.
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
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The longtime Federal Reserve chair served under four presidents and presided over the deregulatory and pro-market push of the 1990s and early 2000s that set the stage for the 2008 mortgage crisis.
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Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.
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