Colleen Hernandez has been named president and executive director of the Homeownership Preservation Foundation, Minneapolis, effective July 5.Ms. Hernandez was executive director of the Kansas City Neighborhood Alliance for 18 years, and she was most recently the principal of Hernandez Consulting LLC, which specializes in affordable housing and community development. She served on the board of directors of the Federal Reserve Bank of Kansas City for six years and on the Consumer Advisory Council to the Federal Reserve Board, the Homeownership Preservation Foundation said. The foundation, a nonprofit organization dedicated to reducing foreclosures and preserving homeownership, can be found online at http://www.hpfonline.org.
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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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