The Mortgage Industry Standards Maintenance Organization, a not-for-profit subsidiary of the Mortgage Bankers Association, has announced the appointment of its board of directors.The MISMO board consists of five members selected from the real estate finance industry and one ex-officio member elected from the ranks of MISMO's Governance Committee. The board includes the following newly appointed members: William Shuler, chief information officer of Residential Capital Corp., Horsham, Pa.; William Frazer, senior managing director and chief financial officer of CBRE|Melody, Houston; Stephen W. Gozdan, CFO of Cenlar FSB, Ewing, N.J.; and Dawn Gibbs, president and chief executive officer of FICS, Addison, Texas. Catherine Rodewald, managing director and CIO of Prudential Mortgage Capital Corp., Dallas, was appointed to the board last year, and the ex-officio MISMO governance director is James P. Cooke, of counsel at Ballard Spahr Andrews & Ingersoll LLP, Washington, D.C. MISMO, which develops technology standards for the real estate finance industry, can be found online at http://www.mismo.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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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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