Martopia, a marketing and public relations firm specializing in the mortgage and financial services industry based in Chicago, has hired Michael Hammond as vice president of business strategy.Before joining Martopia, Mr. Hammond worked for nine years as the director of sales and marketing for origination vendor Dynatek. In this capacity, he was responsible for developing sales and marketing programs, reshaping corporate focus and increasing revenue and market share. In his new position, Mr. Hammond will drive the development of business and communication strategies for Martopia's clients. Mr. Hammond will serve in a consultative role for clients and be actively involved in crafting results-driven marketing and public relations programs. The company can be found on the Web at http://www.martopia.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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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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