The Bond Market Association has appointed Robbin Conner as its new staff advisor to the association's mortgage-backed securities and securitized products division.Mr. Conner, who will hold the title of vice president and assistant general counsel, "has extensive business and legal experience in the securitization markets, including [collateralized debt obligations] and other key areas of focus for the MBS and securitized products division," according to the association's associate general counsel, Lynnette Hotchkiss. Mortgage-related areas at the association that Mr. Conner will oversee include MBS fails and nontraditional mortgage products. The Bond Market Association can be found on the Web at http://www.bondmarkets.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.
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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