Ruthann K. Melbourne has been named executive vice president and chief risk officer of enterprise risk management at Pasadena, Calif.-based IndyMac Bank.Ms. Melbourne, who joined IndyMac in 2003, previously served as senior vice president and chief interest rate risk officer of enterprise risk management. IndyMac Bank also named two senior vice presidents: Gregory S. Sosnovich, SVP and chief accounting officer in the corporate accounting division at its Pasadena office, and Tim Landwehr, SVP of IndyMac's Home Construction Lending division in Norcross, Ga.
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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.
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.
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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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