The CSI Cos., a Jacksonville, Fla.-based staffing firm, recently announced the addition of mortgage industry veteran Deane W. Hall to its board of directors.Mr. Hall has more than 30 years of experience in the mortgage industry, including senior management positions with Fannie Mae, CSI said. He retired from JP Morgan Chase in April 2006 after 17 years of management responsibility with its mortgage subsidiary, Chase Home Finance, including service as an executive vice president and a member of the board. CSI said it works with a wide range of companies nationwide and has been "particularly successful" in working with the mortgage/banking industry in the Southeast. It can be found online at http://www.thecsicompanies.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.
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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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