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National Mortgage News
''National Mortgage News'' is a digital media website covering the mortgage sector in the United States. Its editor is Austin Kilgore, and its publisher is Dennis Strong. ''National Mortgage News'' is owned by SourceMedia. History ''National Mortgage Newss predecessor, ''National Thrift News'', was founded in 1976 by Stan Strachan, Wesley Lindow, and John R. Glynn. In 1988 ''National Thrift News'' won the Polk Award in Financial Reporting for its coverage of the savings and loan crisis; in September 1987 it had been the first media outlet to break the Keating Five story. p. 185. In 1989, it was the first to report on political considerations having delayed the closing of the Neil Bush-directed Silverado Savings and Loan in Denver. Subsequently, as thrift institutions began failing, it changed its name to ''National Thrift and Mortgage News'', and then in 1992 to ''National Mortgage News''. In 1995 Faulkner and Gray, which itself was part of the Thomson Corporation, acquired ''Na ...
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SourceMedia
Arizent, formerly known as SourceMedia, is a mid-sized diversified business-to-business digital media company owned by Observer Capital, which acquired the company from Investcorp in August 2014. Formerly the Thomson Media division of The Thomson Corporation, SourceMedia was spun off and sold by Thomson to Investcorp in 2004 for $350 million. Headquarters Based in New York City, SourceMedia has offices in the Washington suburb of Arlington, Virginia and Atlanta. SourceMedia employs approximately 400 people. In 2009 Investcorp split the company into two, creating Accuity as a semi-autonomous unit within SourceMedia. Accuity was the Registrar of Routing Numbers for the American Bankers Association, responsible for the assignment of routing numbers for banks in the United States, and was a leading worldwide provider of payment routing data, software and services. In 2011, Accuity was sold to Reed Elsevier for $530 million. On February 1, 2012, SourceMedia announced the adoption ...
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Random House
Random House is an American book publisher and the largest general-interest paperback publisher in the world. The company has several independently managed subsidiaries around the world. It is part of Penguin Random House, which is owned by German media conglomerate Bertelsmann. History Random House was founded in 1927 by Bennett Cerf and Donald Klopfer, two years after they acquired the Modern Library imprint from publisher Horace Liveright, which reprints classic works of literature. Cerf is quoted as saying, "We just said we were going to publish a few books on the side at random," which suggested the name Random House. In 1934 they published the first authorized edition of James Joyce's novel ''Ulysses'' in the Anglophone world. ''Ulysses'' transformed Random House into a formidable publisher over the next two decades. In 1936, it absorbed the firm of Smith and Haas—Robert Haas became the third partner until retiring and selling his share back to Cerf and Klopfer in 19 ...
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Mortgage Industry Of The United States
The mortgage industry of the United States is a major financial sector. The federal government created several programs, or government sponsored entities, to foster mortgage lending, construction and encourage home ownership. These programs include the Government National Mortgage Association (known as Ginnie Mae), the Federal National Mortgage Association (known as Fannie Mae) and the Federal Home Loan Mortgage Corporation (known as Freddie Mac). The subprime mortgage crisis was one of the first indicators of the 2007–2010 financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backing said mortgages. The earlier savings and loan crisis of the 1980s and 1990s and the national mortgage crisis of the 1930s also arose primarily from unsound mortgage lending. The mortgage crisis has led to a rise in foreclosures, leading to the 2010 United States foreclosure crisis. Mortgage lenders Mortgage ...
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C-level
Corporate titles or business titles are given to corporate officers to show what duties and responsibilities they have in the organization. Such titles are used by publicly and privately held for-profit corporations, cooperatives, non-profit organizations, educational institutions, partnerships, and sole proprietorships also confer corporate titles. Variations There are considerable variations in the composition and responsibilities of corporate title. Within the corporate office or corporate center of a corporation, some corporations have a chairman and chief executive officer (CEO) as the top-ranking executive, while the number two is the president and chief operating officer (COO); other corporations have a president and CEO but no official deputy. Typically, senior managers are "higher" than vice presidents, although many times a senior officer may also hold a vice president title, such as executive vice president and chief financial officer (CFO). The board of directors ...
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Investcorp
Investcorp is a global manager of alternative investment products, for private and institutional clients. Founded in Bahrain in 1982, the firm has offices in United States, United Kingdom, Saudi Arabia, Qatar, United Arab Emirates, India, China, and Singapore. Its principal client base is in the six countries of the Gulf Cooperation Council, but it also has institutional clients in North America, Europe, and Asia. The company's main activities involve private equity, real estate and credit management, and has $41.2 billion worth of assets under management, as of March 31, 2022. It typically places the private equity of companies and real estate properties it acquires directly with investors on a deal-by-deal basis and through a fund structure. In addition, the firm operates the Gulf Opportunity Fund investing in the MENA region, and a number of technology funds. Investcorp currently has approximately $22.2 billion in invested assets under management across its four asset classes. ...
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Thomson Corporation
The Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between International Thomson Organisation Ltd (ITOL) and Thomson Newspapers. In 2008, it purchased Reuters Group to form Thomson Reuters. The Thomson Corporation was active in financial services, healthcare sectors, law, science and technology research and tax and accounting sectors. The company operated through five segments (2007 onwards): Thomson Financial, Thomson Healthcare, Thomson Legal, Thomson Scientific and Thomson Tax & Accounting. Until 2007, Thomson was also a major worldwide provider of higher education textbooks, academic information solutions and reference materials. On 26 October 2006, Thomson announced the proposed sale of its Thomson Learning assets. In May 2007, Thomson Learning was acquired by Apax Partners and subsequently renamed Cengage Learning in July. The Thomson Learning brand was used to the end of August 2007. Subsequently ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Neil Bush
Neil Mallon Bush (born January 22, 1955) is an American businessman and investor. He is the fourth of six children of former President George H. W. Bush and Barbara Bush (née Pierce). His five siblings are George W. Bush, the 43rd President of the United States; Jeb Bush, a former governor of Florida; the late Pauline Robinson Bush; Marvin Bush; and Dorothy Bush Koch. Early life On January 22, 1955, Bush was born in Midland, Texas. Bush was named after a good friend of the family, Henry Neil Mallon, chairman of Dresser Industries, George H. W. Bush's employer. As a child, Bush spent some summers and holidays at his family's estate in Maine, the Bush compound. At age 11, he enrolled in the exclusive St. Albans School in Washington, D.C. He struggled through school; a counselor told his mother that he was doubtful the boy had the potential to graduate. He was later diagnosed as having dyslexia, and his mother spent much time assisting him with his learning disability. Even ...
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Worth The Fighting For
Worth may refer to: Places In the United States: *Worth, Georgia *Worth County, Georgia *Worth, Illinois *Worth Township, Cook County, Illinois *Worth Township, Woodford County, Illinois *Worth Township, Indiana *Worth Township, Michigan *Worth, Missouri *Worth County, Missouri *Worth County, Iowa * Worth, New York * Worth Township, Butler County, Pennsylvania *Worth Township, Centre County, Pennsylvania *Worth Township, Mercer County, Pennsylvania In the United Kingdom: * Worth, Kent, in Dover district *Worth, West Sussex, a civil parish in West Sussex * Worth village, West Sussex, a village in Crawley *Worth Matravers or short Worth in Dorset In Germany: * Worth, Schleswig-Holstein People * Adam Worth (1844–1902), German-born American bank robber and mob boss * Amy Aldrich Worth (1888-1967), American composer *Billie Worth, American former stage actress *Bobby Worth (1912–2002), American songwriter *Brendan Worth, Australian rugby league player *Brian Worth (actor) (1914†...
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Manhattan
Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state of New York. Located near the southern tip of New York State, Manhattan is based in the Eastern Time Zone and constitutes both the geographical and demographic center of the Northeast megalopolis and the urban core of the New York metropolitan area, the largest metropolitan area in the world by urban landmass. Over 58 million people live within 250 miles of Manhattan, which serves as New York City’s economic and administrative center, cultural identifier, and the city’s historical birthplace. Manhattan has been described as the cultural, financial, media, and entertainment capital of the world, is considered a safe haven for global real estate investors, and hosts the United Nations headquarters. New York City is the headquarters of ...
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Keating Five
File:AlanCranston.jpg, Alan Cranston (D-CA) File:Dennis DeConcini.jpg, File:John Glenn Low Res.jpg, John Glenn (D-OH) File:John McCain.jpg, John McCain (R-AZ) File:Riegle2.jpg, Donald Riegle (D-MI) The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger savings and loan crisis of the late 1980s and early 1990s. The five senators—Alan Cranston (Democrat of California), Dennis DeConcini (Democrat of Arizona), John Glenn (Democrat of Ohio), John McCain (Republican of Arizona), and Donald W. Riegle, Jr. (Democrat of Michigan)—were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr., Chairman of the Lincoln Savings and Loan Association, which was the target of a regulatory investigation by the Federal Home Loan Bank Board (FHLBB). The FHLBB subsequently backed off taking action against Lincoln. Lincoln Savings and Loan collapsed in 1989, at a cost of $3.4 billion to t ...
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