Michael J. Krull has been named managing director and head of commercial mortgage-backed securities at Hypo Real Estate Capital Corp., the New York-based subsidiary of Hypo Real Estate Bank International AG, Stuttgart, Germany.Before joining Hypo Real Estate, Mr. Krull was managing director of capital markets at GE Real Estate in New York, where he led a group of 20 professionals, Hypo Real Estate said. He was previously involved in the design and implementation of GE Real Estate's commercial mortgage conduit program. From 1992 to 1997, Mr. Krull worked at Prudential Securities Inc., where he co-founded the CMBS operation.
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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.
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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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