Thomas A. Klemens, senior executive vice president and chief financial officer of The First American Corp., Santa Ana, Calif., died Jan. 3 of blood cancer, the company has reported.Mr. Klemens, 55, joined First American in 1985 as vice president and controller, was named principal accounting officer of the parent company and of First American Title Insurance Co. in 1992, and became vice president and CFO in 1993. He was named executive vice president of First American in 1996 and senior EVP in 2002. Parker S. Kennedy, First American's chairman and chief executive officer, called Mr. Klemens a "wonderful friend" who had "fought a long and hard battle against multiple myeloma, a form of blood cancer, for two years." Mr. Kennedy attributed First American's growth into a global, Fortune 500 company "in large part" to Mr. Klemens. The company can be found online at http://www.firstam.com.
-
Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
5m ago -
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.
June 22 -
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.
June 22 -
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








