Jim Park, a former executive at Freddie Mac, has been named chief operating officer of the Asian Real Estate Association of America, San Diego.Mr. Park, a partner at Prado Mortgage, served as the vice president of industry relations and housing outreach at Freddie Mac before joining AREAA. At Freddie Mac, he worked with key housing finance industry trades, capital markets organizations, and community and housing-related organizations. Mr. Park previously held a senior political position at the Department of Housing and Urban Development, where he oversaw HUD's efforts to overhaul single-family and multifamily programs, AREAA said.
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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.
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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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