Jonathan H. Yellen has been named executive vice president, general counsel, and secretary of FelCor Lodging Trust Inc., a real estate investment trust based in Irving, Texas.Mr. Yellen, 39, is a partner with Damon & Morey LLP in Buffalo, N.Y., where he specializes in mergers and acquisitions, corporate finance, and securities law. His previous experience includes a stint as vice president and associate general counsel at Starwood Hotels & Resorts Worldwide. FelCor can be found on the Web at http://www.felcor.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.
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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