Thomas M. Goldstein, chairman and chief executive officer of ABN Amro Mortgage Group Inc., has been elected to a three-year term on the board of the Chicago Federal Home Loan Bank.He was elected by the Illinois member financial institutions of the FHLBank. Mr. Goldstein is also senior executive vice president of LaSalle Bank Corp., the parent company of ABN Amro Mortgage, the FHLBank reported. He has served on the Chicago FHLBank board since April 2005, when he was appointed by the board to assume the term of Scott Heitmann, who retired from the board and from his position as vice chairman of LaSalle Bank Corp. The Chicago FHLBank can be found online at http://www.fhlbc.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.
June 22 -
Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
June 22 -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
June 22 -
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.
June 22 -
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.
June 22 -
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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