RBC Capital Markets, New York, has announced the hiring of four analysts from Cleveland-based KeyBanc as equity research analysts in the real estate investment trust sector.Rich Moore, a past winner of the Wall Street Journal's "Best on the Street" All-Star Analyst Award, has been named a managing director of the RBC REIT research team. He headed a six-member group of REIT researchers at KeyBanc. Mike Salinski and Sri Nagarajan have been named vice presidents, and David Rodgers has been named a director. Mr. Moore will oversee coverage of retail and mortgage REITs, Mr. Rodgers will cover the residential segment, Mr. Nagarajan will handle office and industrial REITs, and Mr. Salinski will cover the hotel, health care, triple-net-lease, and storage segments, the company said. Mr. Nagarajan will be based in New York, and the other three analysts will be located in Cleveland. RBC Capital, the corporate and investment banking arm of RBC Financial Group, can be found online at http://www.rbccm.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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