Barrett Burns has been named president and chief executive officer of VantageScore Solutions LLC, Stamford, Conn., which was launched in March by the three national credit reporting companies to offer a consistent approach to scoring consumer creditworthiness.The company said Mr. Burns, 60, has more than three decades of experience in risk and credit management and has held senior leadership positions at Citibank, Ford Motor Credit, and Bank One. Before joining VantageScore, Mr. Burns was the executive vice president in charge of the National Private Banking Group of U.S. Trust. VantageScore is a predictive scoring system that was created jointly by Equifax, Experian, and TransUnion. VantageScore can be found online at http://www.vantagescore.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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