Bank Mutual Corp., Milwaukee, has hired Thomas H. Koepp as director of investment real estate lending for its Bank Mutual subsidiary bank.Mr. Koepp will have overall responsibility for the origination of "investment real estate mortgage loans" and for the development and implementation of investment real estate mortgage lending objectives, policies, and practices, Bank Mutual said. "Tom has a proven track record and will have a major impact on achieving our strategic goals in the important investment real estate lending line of business," said Michael T. Crowley Jr., chairman and chief executive officer of Bank Mutual Corp. Mr. Koepp has over 25 years of experience in investment real estate lending, according to Bank Mutual, and joins the bank from the Milwaukee-based St. Francis Bank division of MAF Bancorp, where he was most recently a vice president in the commercial real estate finance area.
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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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