Fannie Mae: Mortgage lenders unnecessarily restrict credit

Fannie Mae: Mortgage lenders unnecessarily restrict credit

Higher credit scores, additional documentation most common

Homeownership rate drops to 48-year low

Despite record sales, fewer Americans own homes

Case-Shiller: Home prices continue rising in May but stall on monthly basis

First-time buyers still weak; Growth to slow over next 2 years
W S

AIG appoints two new investment officers

stock art

According to Bloomberg, American International Group (AIG) appointed Brian Schreiber and Geoffrey Cornell deputy chief investment officers as the insurer revamps oversight of its $358.3 billion portfolio.

Schreiber, 48, will oversee specialized asset classes including real estate, private equity and hedge funds, New York-based AIG said yesterday in a statement. Cornell, 42, will manage high-yield and investment-grade corporate bonds and municipal securities. They will report to William Dooley, executive vice president for investments.

AIG is overhauling the portfolio’s leadership as Chief Executive Officer Robert Benmosche simplifies the company after selling units to help repay a U.S. bailout. Monika Machon, who was chief investment officer, will become treasurer, a post that Schreiber previously held.

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus