Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
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