in News > Residential Mortgage
print the content item


The White House has announced that Mohamed A. El-Erian, CEO and co-chief investment officer of Pacific Investment Management Co. LLC (PIMCO), was appointed chairman of the President's Global Development Council.

The council was created to spur global development policies and practices, support new and existing public-private partnerships, and increase awareness and action in support of development by soliciting public input on current and emerging issues in the field of global development.

El-Erian joined PIMCO in 1999 as a senior member of the portfolio management and investment strategy group. In 2006, he joined Harvard Management Co. as president and CEO, before returning to PIMCO in 2007. Previously, he was a managing director at Salomon Smith Barney/Citigroup in London and worked at the International Monetary Fund for 15 years, serving as deputy director from 1995 to 1997.

El-Erian, who received a PhD from Oxford University, is a member of the investor advisory committee on financial markets at the Federal Reserve Bank of New York. He also serves as a board member of the Carnegie Endowment for International Peace and the National Bureau for Economic Research, and he is the chairman of the Microsoft Investment Advisory Committee.


Are You Fully Prepared for a CFPB Exam?_id1237


Latest Top Stories

CFPB, FTC, States Take Action Against Foreclosure Relief Companies

The CFPB says the three companies collected a total of more than $25 million in illegal advance fees for foreclosure relief.


The 'Widespread Contagion' Of Foreclosure Is Now Contained

RealtyTrac says in its midyear report that foreclosure activity has dwindled back down to historic levels and that it is on track to continue the pace.


New Housing Finance Reform Bill Introduced In Congress

Three congressmen are taking a new crack at balancing public and private involvement in housing finance.


Julian Castro Confirmed As HUD Secretary

The 39-year-old, third-term mayor of San Antonio will replace current HUD Secretary Shaun Donovan, who will next lead the White House Office of Management and Budget.


'Middle Ground' GSE Reform Proposal Would Keep Fannie, Freddie Alive

Proposal provides an explicit government guarantee "but taxpayer money will be protected through adequate private-sector capital and accurate pricing of government reinsurance."

LenderLive_id1241
Hse SandyHook
Industry Resource
SME Subservicing Directory_id1036
Safeguard_id1295
BSI_id
CMBA_id1228