Sean Burton has been named chief operating officer of CityView, a Santa Monica, Calif.-based discretionary housing investor headed by former HUD Secretary Henry Cisneros.Mr. Burton was most recently managing director at CityView, and he will continue to serve on the company's governance and investment committees, CityView said. Mr. Cisneros, who was secretary of the Department of Housing and Urban Development during former President Bill Clinton's first term, is chairman of CityView. The company said it helps create housing for working families by offering a flexible source of combined debt and equity and providing homebuilder partners a one-stop resource for land acquisition, entitlement support, governmental assistance, marketing, community outreach, and project insurance. CityView can be found online at http://www.city-view.net.
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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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