Saturday , 23 January 2021

Maybe Lenders & Investors Should Not Expect Too Much from a Cut in FHA Insurance Premiums

By Rob Chrisman

Posted To: Pipeline Press

Congrats to Allan Landon, the former CEO of Bank of Hawaii Corp. President Barack Obama plans to nominate him to be a Federal Reserve governor after months of pressure to select a policy maker with community banking experience. Landon, 66, was chairman and CEO of BOH from 2004 to 2010, and was president, chief operating, financial and risk officer from 2000 to 2004. He was selected to fill one of two vacancies on the seven-seat board and would bring the experience of running a bank to a board dominated by lawyers and economists, and will vote on monetary policy. And we could see our first rate increase since 2006 – how many of your LOs have been in the business for more than 9 years? Yesterday I noted how Ocwen’s woes had driven its stock price down by 75%. Of course this has a ripple effect…(read more)

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