Scott Carstens has been named chief financial officer of eLynx Ltd., a Cincinnati-based provider of secure document delivery and business process management Web services for the financial services industry.The company also announced the appointment of Alexander Pozin as the director of product marketing. The appointments will "help further solidify" the company's position in the mortgage finance market and position it to move into additional markets such as general financial services, auto finance, consumer lending, and insurance, eLynx said. Mr. Carstens previously held various posts in finance, accounting, mergers and acquisitions, planning, treasury, and sales at NCR Corp, Convergys Corp., OfficeMax Inc., TRW Inc., Oracle Corp., and Siebel Systems. Before joining eLynx, Mr. Pozin worked for Waterloo, Ontario-based Open Text Corp. as a product marketing manager, with Washington Mutual in strategic sourcing, and with Deloitte & Touche in consulting, eLynx said. The company can be found online at http://www.elynx.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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