Danica Patrick, who serves as a spokeswoman and trade show booth attraction for Argent Mortgage, will be switching from Rahal Letterman Racing to Andretti Green Racing for the 2007 Indy Racing League season, raising questions about her continued association with Argent.Argent had sponsored her car when she raced in the lower levels of open-wheel racing for Rahal Letterman. Besides sponsoring Ms. Patrick's car, Argent sponsors the car of her teammate, Buddy Rice, a former winner of the Indianapolis 500. A news release from Andretti Green did not mention the sponsorship situation. Published reports had Bobby Rahal, one of the owners of Rahal Letterman (the other being television personality David Letterman), saying the Argent sponsorship was the team's and not Ms. Patrick's. Argent had not replied to a request for comment by MortgageWire's deadline. At the end of June, Argent said it would use Ms. Patrick in the marketing of its new alternative-A product line.
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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.
4h ago -
Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
9h ago -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
10h ago -
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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