Todd Luhtanen, vice president and chief technology officer at origination vendor Dynatek, Livonia, Mich., has been promoted to president and chief technology officer.In his new role, Todd Luhtanen will have responsibility for overseeing all sales, marketing, and support functions, as well as the company's general business operations, Dynatek said. Jack Luhtanen will continue in his role as Dynatek's chief executive officer and maintain his daily involvement in company operations, directing all aspects of its policies, objectives, and initiatives. Jack Luhtanen and Todd Luhtanen, together with Linda Luhtanen, established Dynatek in 1986. The company can be found on the Web at http://www.dynatek.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.
June 22 -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
June 22 -
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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