Patricia "Trish" Kauker has been named vice president of WSFS Financial Corp.'s newly created reverse mortgage business unit.The Wilmington, Del.-based company said Ms. Kauker was most recently head of AIG Bank's reverse mortgage initiative. She was previously employed by Beneficial National Bank, Norwest Mortgage, and Financial Freedom. WSFS said it has been involved in the reverse mortgage business since the early 1990s. The company can be found on the Web at http://www.wsfsbank.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.
6h ago -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
7h ago -
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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