Mary Wetterlin has been hired as general manager of TopLine Federal Credit Union to develop a first-mortgage division at its Maple Grove, Minn., headquarters.Ms. Wetterlin will be responsible for building "leading-edge" first-mortgage lending options and developing business relationships with Realtors, builders, and mortgage brokers, TopLine said. Ms. Wetterlin has 13 years of experience in mortgage banking and real estate, and was most recently branch manager of the new-construction office at CTX Mortgage Co. She was previously a branch manager at Countrywide Home Loans. Michael Edwards, TopLine's chief lending officer, said the CU's move was related to its recent expansion of membership eligibility to include everyone who lives, works, worships, volunteers, or attends school in the seven-county Minneapolis-St. Paul metropolitan area. The CU can be found on the Web at http://www.toplinecu.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.
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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