John Biallas has been appointed chief operating officer of Dividend Capital Total Realty Trust, a Denver-based real estate investment trust, and Jim Giuliano has been named to replace him as chief financial officer and treasurer.Before joining the company, Mr. Biallas was senior financial officer at Ameriton Properties Inc., a multifamily real estate investment subsidiary of Archstone-Smith Trust, Dividend Capital said. He also held executive posts at Security Capital Group related to that company's real estate affiliates. Before joining Dividend Capital, Mr. Giuliano was executive vice president and CFO of Empire Cos., an Ontario, Calif.-based developer. He was previously principal financial officer for operations of the Simon Property Group, a retail REIT.
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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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