Ronald D. Rice has been named director of operations at Houston-based Stewart Default Solutions, a wholly owned subsidiary of Stewart Mortgage Information.Mr. Rice will report to SDS president C. Alan Paylor. He was most recently chief operating officer of the Houston office of Barrett Burke Wilson Castle Daffin and Frappier LLP, where he was a leader of the firm's Houston bankruptcy division. Mr. Rice previously served as vice president of loan administration for Bank United, focusing on default management, real estate owned, and outsourcing relationships. He was also vice president of loan servicing at Mellon Mortgage, and senior vice president and servicing manager at North American Mortgage Co. SDS can be found online at http://www.stewartdefaultsolutions.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.
June 22 -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
June 22 -
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.
June 22 -
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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