Corey Carlisle has been named senior director for residential loan production in the Government Affairs Department of the Mortgage Bankers Association.Mr. Carlisle's MBA portfolio will include the development of industry positions on residential loan production issues such as Federal Housing Administration reform, alternative mortgage products, and appraisal reform. Mr. Carlisle was most recently first vice president of public policy and industry affairs at Countrywide Financial Corp. He previously held senior product management roles at First Franklin Financial, where he led the rollout of several successful mortgage products and services, and at Freddie Mac, where he managed strategic development projects in its Single Family Division, the MBA said. Mr. Carlisle was also a legislative assistant to Sen. Kent Conrad, D-N.D. The MBA can be found online at http://www.mortgagebankers.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.
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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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