Kenneth W. Jones has been named senior vice president and chief financial officer of Triad Guaranty Insurance Corp., a mortgage insurer based in Winston-Salem, N.C., and Stephen J. Haferman has been named senior vice president of risk management and technology services.Mr. Jones will also hold similar titles at Triad Guaranty Inc., the mortgage insurer's parent company. He replaces Eric B. Dana, who resigned to "pursue other interests," Triad Guaranty said. Mr. Jones was most recently SVP and CFO at RBC Liberty Insurance Corp., and he was previously vice president, controller, and acting CFO at The Liberty Corp. Mr. Haferman was most recently senior vice president and chief operating officer at Cheryl and Co., and he was previously employed by American Electric Power and Bank One Corp. Triad can be found online at http://www.triadguaranty.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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