Financial services in the United States

Bridging the Racial Wealth Gap: Milken Institute Outlines 14 Strategies to Partner with Mission-Focused Banks

Retrieved on: 
Friday, June 18, 2021

14 Strategies for Partnering with Mission-Focused Banks details how these groups can leverage and help scale Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) in order to increase their positive impact in communities.

Key Points: 
  • 14 Strategies for Partnering with Mission-Focused Banks details how these groups can leverage and help scale Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) in order to increase their positive impact in communities.
  • This focus can ensure the effectiveness of other strategies, from capital injections to increasing credit availability, added Betru.
  • We are proud to partner with Milken Institute and support these critical institutions to create lasting change for the Black and Latinx families and businesses they serve.
  • 14 Strategies for Partnering with Mission Focused Banks is co-authored by Aron Betru, Ragini Chawla, and Xavier Escoto.

Fannie Mae Priced $879 Million Green Multifamily DUS REMIC (FNA 2021-M2G) Under Its GeMS Program

Retrieved on: 
Thursday, June 17, 2021

WASHINGTON, June 17, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced an $879 million Green Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on June 16, 2021.

Key Points: 
  • WASHINGTON, June 17, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced an $879 million Green Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on June 16, 2021.
  • In the second decade of its Multifamily Green Financing business, Fannie Mae remains committed to generating positive environmental and social impact through our two Multifamily Green products types: our Green Building Certification (GBC) program and Green Rewards, our energy- and water consumption-reduction program.
  • Through the Fannie Mae GeMS program, we have re-securitized an additional $12.6 billion in REMICs backed by Green MBS.
  • The Fannie Mae Green MBS program has received a "light green" second-party opinion (SPO) from CICERO.

USAA Accelerates Innovation and Use of Emerging Technologies Amid Pandemic

Retrieved on: 
Thursday, June 17, 2021

During this time, USAA accelerated its digital roadmap as the pandemic served as an innovation incubator, finding new ways to serve its members in a rapidly evolving world.

Key Points: 
  • During this time, USAA accelerated its digital roadmap as the pandemic served as an innovation incubator, finding new ways to serve its members in a rapidly evolving world.
  • These new solutions will help keep USAA members safe and ultimately save them money and time through technology and automation.
  • Headquartered in San Antonio, USAA has offices in seven U.S. cities and three overseas locations and employs approximately 36,000 people worldwide.
  • For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.

Embrace Home Loans Named a Best Place to Work by Providence Business News for 16th Consecutive Year

Retrieved on: 
Wednesday, June 16, 2021

MIDDLETOWN, R.I., June 16, 2021 /PRNewswire/ -- Embrace Home Loans , a top-ranked national mortgage lender, has been named to Providence Business News' (PBN's) 2021 Best Places to Work awards list.

Key Points: 
  • MIDDLETOWN, R.I., June 16, 2021 /PRNewswire/ -- Embrace Home Loans , a top-ranked national mortgage lender, has been named to Providence Business News' (PBN's) 2021 Best Places to Work awards list.
  • Embrace Home Loans ranked fourth in the large employer category, or companies with 150-499 employees in the region.
  • "Embrace Home Loans is very honored to once again be recognized as a Best Place to Work in Rhode Island," said Dennis Hardiman, president and CEO of Embrace Home Loans.
  • Embrace Home Loans is a Fannie Mae, Freddie Mac, FHA and VA lender that processes, underwrites, funds and closes all its loans in-house.

GUIDEONE INSURANCE APPOINTS MARLYSS GAGE TO BOARD OF DIRECTORS

Retrieved on: 
Tuesday, June 15, 2021

West Des Moines, Iowa, June 15, 2021 (GLOBE NEWSWIRE) -- GuideOne Insurance announced the election of Marlyss Gage, former Executive Vice President and Chief Underwriting Officer, Travelers Insurance Companies, to the Boards of GuideOne Mutual Holding Company and GuideOne Insurance Group, Inc., effective June 9, 2021.

Key Points: 
  • West Des Moines, Iowa, June 15, 2021 (GLOBE NEWSWIRE) -- GuideOne Insurance announced the election of Marlyss Gage, former Executive Vice President and Chief Underwriting Officer, Travelers Insurance Companies, to the Boards of GuideOne Mutual Holding Company and GuideOne Insurance Group, Inc., effective June 9, 2021.
  • Gage has more than 39 years of experience as an insurance executive in a variety of underwriting and senior leadership roles.
  • In her most recent role as Executive Vice President and Chief Underwriting Officer for Travelers Insurance Companies, she led underwriting best practices and risk management for all business segments, including Business Insurance, Bond & Specialty Insurance and Personal Insurance.
  • I am honored to welcome Marlyss to the GuideOne Board of Directors.

Fifth Third Boosts Investment in Detroit Minority Depository Institution

Retrieved on: 
Monday, June 14, 2021

The move makes Fifth Third the largest investor at a total of $5.5 million in the minority depository institution and community development financial institution (CDFI).

Key Points: 
  • The move makes Fifth Third the largest investor at a total of $5.5 million in the minority depository institution and community development financial institution (CDFI).
  • We are proud to strengthen our partnership with Fifth Third Bank through this additional investment.
  • As defined by the FDIC, a minority depository institution may be a federal insured depository institution in which at least 51% of the voting stock is owned by minority individuals; or a majority of the board of directors is minority and the community that the institution serves is predominantly minority.
  • When well-established financial businesses like Fifth Third invest in minority depository institutions, jobs are preserved in minority communities, which helps to sustain the economy.

InsureMyTrip Travel Insurance Ratings & Reviews Hits 100k Submissions

Retrieved on: 
Monday, June 14, 2021

WARWICK, R.I., June 14, 2021 /PRNewswire/ --InsureMyTrip's rapidly expanding unbiased travel insurance ratings and reviews platform hitsanother significant industry milestone, surpassing over 100,000 submissions from verified travel insurance customers.

Key Points: 
  • WARWICK, R.I., June 14, 2021 /PRNewswire/ --InsureMyTrip's rapidly expanding unbiased travel insurance ratings and reviews platform hitsanother significant industry milestone, surpassing over 100,000 submissions from verified travel insurance customers.
  • "As the largest travel insurance comparison site, we applaud those travelers who continue to read, write, and share reviews," said InsureMyTrip Vice President of eCommerce Cheryl Golden.
  • Travelers can then access submissions by visiting the Travel Insurance Reviews database on InsureMyTrip.
  • These reviews are geared towards feedback on the process of comparing and buying travel insurance.

PennyMac Mortgage Investment Trust Announces Update for Investor Day on June 17, 2021

Retrieved on: 
Thursday, June 10, 2021

PennyMac Mortgage Investment Trust (NYSE: PMT) today announced an update regarding its combined virtual Investor Day with PennyMac Financial Services, Inc. (NYSE: PFSI) on Thursday, June 17, 2021.

Key Points: 
  • PennyMac Mortgage Investment Trust (NYSE: PMT) today announced an update regarding its combined virtual Investor Day with PennyMac Financial Services, Inc. (NYSE: PFSI) on Thursday, June 17, 2021.
  • Registration for the event is now open and available on the Companys investor relations website at www.PennyMac-REIT.com .
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.
  • Additional information about PennyMac Mortgage Investment Trust is available at www.PennyMac-REIT.com .

Sagen MI Canada Inc. Announces Annual General Meeting Voting Results

Retrieved on: 
Thursday, June 10, 2021

As of the record date for the Meeting, the outstanding Common Shares represented approximately 64.9840% of the aggregate voting rights attached to the Company's issued and outstanding voting securities.

Key Points: 
  • As of the record date for the Meeting, the outstanding Common Shares represented approximately 64.9840% of the aggregate voting rights attached to the Company's issued and outstanding voting securities.
  • About Sagen MI Canada Inc.
    Sagen MI Canada Inc., operating through its wholly owned subsidiary, Genworth Financial Mortgage Insurance Company Canada (doing business as SagenTM),is the largest private sector residential mortgage insurer in Canada.
  • Sagen is a trademark owned by Sagen MI Canada Inc.
  • SOURCE Sagen MI Canada Inc.

T. Rowe Price Adds Business Development Executive For Alternative Investments To Institutional Business

Retrieved on: 
Thursday, June 10, 2021

T. Rowe Price announced that Chris Tarui will be joining its institutional business as Business Development Executive, Alternatives.

Key Points: 
  • T. Rowe Price announced that Chris Tarui will be joining its institutional business as Business Development Executive, Alternatives.
  • In the newly created role, Mr. Tarui will be responsible for helping to formulate and drive the firm's business development efforts for alternative investments with institutional clients globally.
  • Mr. Tarui joins T. Rowe Price from PIMCO, where he served as Executive Vice President, Institutional Account Manager.
  • Chris Newman, Head of Americas for T. Rowe Price's institutional business
    "We are delighted to welcome Chris to T. Rowe Price.