PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

Former LandCastle Title CEO was Johnson's attorney and "trusted advisor"

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
W S

MERS names former banking regulator as independent director

/ Print / Reprints /
| Share More
/ Text Size+
Mortgage Electronic Registration Systems, or MERS, appointed an independent director with a meaty background in fair lending to its board of directors. MERS confirmed Thursday that Edward Kramer, executive vice president of regulatory programs at Wolters Kluwer Financial Services, is the company's latest independent director. There are six members on the MERS board and only one independent role. "It is my hope that bringing 30+ years of experience in the financial markets as both a banker-lender and a regulator will help in important decisioning at MERS," Kramer told HousingWire. Kramer brings an expansive background to the position, including six years spent at the New York State Banking Department, where he served as deputy superintendent of banks in charge of the consumer services division. In his role at the banking department, Kramer oversaw fair lending examinations and consumer compliance. The MERS system was designed by Fannie Mae, Freddie Mac and major lenders in the 1990s to track the servicing and assignment of mortgages through the securitization process. Kramer will sit on the board with other key industry players, including David H. Stevens, president and CEO of the Mortgage Bankers Association; Marianne Sullivan, senior vice president of Fannie Mae; Bill Beckmann, president and CEO of MERS, Albert Celini, vice president of single family, operations and technology for Freddie Mac and Kurt Pfotenhauer, CEO of American Land Title Association. Write to Kerri Panchuk.

Recent Articles by Kerri Panchuk

Comments powered by Disqus