Ronald J. Cathcart has been named executive vice president and chief enterprise risk officer of Washington Mutual Inc., Seattle, effective Dec. 1.Mr. Cathcart, 53, joins WaMu from the Canadian Imperial Bank of Commerce, where he served as executive vice president of retail risk management. He has had more than 23 years of experience in risk management policy and governance, WaMu said. Mr. Cathcart replaces the retiring chief enterprise risk officer, James Vanasek, who will remain with the company through the end of the year. WaMu can be found online at http://www.wamu.com.
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Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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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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