Irwin Financial Corp., Columbus, Ind., the holding company for Irwin Union Bank and Trust Co., has announced the appointment of Jocelyn Martin-Leano as president of Irwin Home Equity Corp., a subsidiary of the bank.Ms. Martin-Leano, 45, has been employed by Irwin Home Equity since shortly after its founding in 1996 and has held leadership positions in both servicing and operations, Irwin Financial said. She was promoted to executive vice president of operations in 2005 and was named interim president later that year upon the retirement of Irwin Home Equity's president, Elena Delgado, the company said. Ms. Martin-Leano was previously employed in the mortgage divisions of ITT Residential Capital Corp., Bank of America, and Citibank. Irwin Home Equity can be found online at http://www.ihe.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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