Timothy Sandos, a former emerging-markets executive at CitiMortgage, has been named president and chief executive officer of the National Association of Hispanic Real Estate Professionals.Mr. Sandos, who served a two-year term on NAHREP's national board, was most recently executive vice president of emerging markets at St. Louis-based CitiMortgage, which acquired his previous employer, Principal Residential Mortgage. He was previously state vice president and chief operating officer at Qwest Communications. NAHREP can be found online at http://www.nahrep.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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