Patrick Sinks has been named president and chief operating officer of MGIC Investment Corp., the Milwaukee-based mortgage insurer. Curt Culver will remain as chairman and chief executive officer. MGIC said Mr. Sinks was most recently executive vice president of field operations at MGIC's principal subsidiary, Mortgage Guaranty Insurance Corp. He was previously senior vice president and chief accounting officer. Mr. Sinks has been with the company since 1978, when he joined a subsidiary, MGIC said. The company can be found online at http://www.mgic.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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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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