Standard & Poor's has announced that Home Properties Inc., a real estate investment trust based in Rochester, N.Y., will replace Kellwood Co. in S&P's SmallCap 600 Index. S&P said the move, scheduled to occur after the close of trading on Feb. 12, was prompted by the pending acquisition of Kellwood by a private equity firm. Home Properties, an apartment REIT, will be added to the index's Residential REITs sub-industry index.
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.
Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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.
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.
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.
