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Posts Tagged ‘finance company’

Freshman Congressman (and Banker) Sets Sights on Housing

January 30th, 2013 Comments off

According to nationalmortgagenews, newly elected Representative John Delaney (D-MD) will take his seat on the House Financial Services Committee with an eye on reforming the nation’s housing finance system and reducing government intervention. With a background including establishment of a healthcare finance company and organizer of BancAlliance, a community loan bank cooperative, Delaney sees opportunity to tweak Dodd-Frank. Believing lawmakers can deal with risks in the industry in other ways, he says “We have a lot of implementation to do, and then we have to understand how it all works and continue to make adjustments. These things are really living regulations. You don’t pour the concrete to never look at it again.” He wants to reduce the role of the GSEs because the government tends to crowd out private capital in some cases. As MHProNews has learned, he sees the government’s role as providing an environment for the private sector to become more successful, which will in turn lead to job growth. One of the wealthiest members of Congress, colleagues laud his skill in complex negotiations, a trait that should serve him well in his new role.

(Photo credit: Wikipedia–Rep. John Delaney)

Triad CEO Glisson Appointed to Board

May 15th, 2012 Comments off

InsuranceNewsNet says Don Glisson, Jr. Chairman and CEO of Triad Financial Services has been appointed to the Board of Governors of the state-run Citizens Property Insurance Corp. by Florida Chief Financial Officer Jeff Atwater. Citizens offers insurance to homeowners who cannot obtain coverage through private markets, many of whom live in manufactured housing communities, often on the coast where they are vulnerable to hurricanes. Triad is the oldest manufactured housing finance company in existence. In June of 2010 Glisson was named by the Jacksonville Business Journal as a “Ultimate CEO.” A May 8, 2012 story by MHProNews.com told how Citizens, which is now the largest insurer in the state with nearly 1.5 million policies, is reducing its client base so private insurers will return to the market.

(Photo credit: Triad Financial Services)