Paragon Financial Corp., Ponte Vedra Beach, Fla., has announced the signing of All-Star second baseman Davey Johnson to a multiyear deal under a recently announced marketing plan that involves teaching the mortgage business to current and former athletes.Mr. Johnson, now the coach of the U.S. Olympic baseball team, will operate from Paragon's Orlando, Fla., office and play a key role in opening new Florida offices in New Smyrna Beach, Daytona Beach, and Ormond Beach, Paragon said. He was a four-time All Star and three-time winner of the Gold Glove award while playing for the Baltimore Orioles. Mr. Johnson was the manager of several major league teams and led the New York Mets to the 1986 World Championship. He joins hockey great Phil Esposito in the new Paragon marketing plan. The company can be found on the Web at http://www.pgnf.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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