Susan Leone-Pomfret has been named director of the Reverse Mortgage Division of Boston-based Summit Mortgage.Ms. Leone-Pomfret began her career in the mortgage industry with the Rhode Island Housing and Mortgage Finance Corp. and began originating reverse mortgages in Rhode Island in 1989, Summit said.
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.
AI is leaving its marks in a wave of recent pro se litigation with fabricated citations and debunked arguments found throughout lawsuits, attorneys say.
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.
The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
