Paragon Financial Corp., Ponte Vedra Beach, Fla., has announced the signing of Hall of Fame hockey great Phil Esposito under a marketing plan that aims to teach the mortgage business to current and former athletes.Mr. Esposito will work from Paragon's new Tampa, Fla., office, but will be involved nationally in Paragon's effort to expand its mortgage origination business, the company said. "This partnership with Paragon offers Phil an opportunity to create a successful post-sports business within our mortgage division by working with developers, national builders, and real estate agents," said Scott Vining, Paragon's chief financial officer. 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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