Donna "Sissie" Childress has been named president of Community Resource Mortgage Inc., Orangeburg, S.C., a subsidiary of Community Bankshares Inc.Ms. Childress was most recently executive vice president and manager of loan operations at the mortgage company. She replaces Wade Douroux, who recently left the company to pursue "other opportunities," Community Bankshares said. Ms. Childress established an independent mortgage company in 1992 and launched two other mortgage businesses, Community Bankshares said. The company can be found on the Web at http://www.communitybanksharesinc.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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