Wells Fargo’s Chief Risk Officer Mike Loughlin to Retire

By on May 31, 2021

first_imgHome / Featured / Wells Fargo’s Chief Risk Officer Mike Loughlin to Retire Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily January 20, 2018 1,792 Views Subscribe Related Articles About Author: Nicole Casperson  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Previous: Transformational Mortgage Solutions Announces New President & COO Next: Ellie Mae Passes New Milestone Wells Fargo’s Chief Risk Officer Mike Loughlin to Retire Servicers Navigate the Post-Pandemic World 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] The Best Markets For Residential Property Investors 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Wells Fargo & Company announced that Senior EVP Mike Loughlin will retire as the company’s Chief Risk Officer. The company expects to name a successor in the next few months and Loughlin will remain in his current role through the transition.“Mike’s 36 years of service to Wells Fargo have included some of the most critical times in our company’s history,” said Timothy J. Sloan, President and CEO of Wells Fargo. “From the financial crisis in 2008, to the company’s merger with Wachovia, to the many economic and credit cycles we have navigated, Mike has demonstrated leadership and a commitment to all our stakeholders, especially our customers, in one of our company’s most critical roles, and for that we are grateful.”A direct report of Sloan’s serving on the company’s Operating Committee, Loughlin has been Wells Fargo’s Chief Risk Officer since 2008, overseeing key risk-oriented activities at the company, including credit, market risk, operational risk, compliance, and information security (including cyber risk). Over the past two years, Loughlin also has led efforts to centralize many of the company’s risk functions to provide more comprehensive oversight of the company’s risks.“It has been a great privilege to serve an American institution as important and as valued as Wells Fargo,” Loughlin said. “I am preparing for retirement with enthusiasm for Wells Fargo’s future, confidence in the work its leaders will continue, and gratitude for the many customers and colleagues I have had the great pleasure to know.”Loughlin joined Wells Fargo in 1986, following the company’s acquisition of Crocker Bank. Prior to becoming Chief Risk Officer, Loughlin was responsible for credit approval, policy, and reporting for Wholesale Banking and has held senior roles in Wealth Management, Corporate Banking, Operations and Middle Market Banking. Today, he also serves on the board of directors of Students Rising Above, an organization dedicated to helping low-income, first-generation college students realize their potential by guiding and supporting them through college graduation and into the workforce. Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save in Featured, News Tagged with: HOUSING mortgage Wells Fargo HOUSING mortgage Wells Fargo 2018-01-20 Nicole Caspersonlast_img read more

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Mary Kom reveals what her biggest training obstacle is during lockdown

By on August 5, 2020

first_imgImage Courtesy: Reuters/PTIAdvertisement 7doy8NBA Finals | Brooklyn Vsbn3p8qWingsuit rodeo📽Sindre E0y5( IG: @_aubreyfisher @imraino ) 7hf2eWould you ever consider trying this?😱liukCan your students do this? 🌚t1Roller skating! Powered by Firework The past few months under the lock down in the novel Coronavirus pandemic has been a very unusual phase in the lives of athletes. Self isolated in their homes, away from their natural habitat was a new experience for many, and a number of sportspersons resorted to self training and exercising to keep their form up even during the lock down. The story is same even for the country’s boxing icon MC Mary Kom. However, the atmosphere away from the training facilities brings forth new obstacles, and for the her, it was the absence of a sparring partner.Advertisement Image Courtesy: Reuters/PTIFor boxers, drills with a sparring partner is a vital part of their training regime. Unfortunately for Mary, neither her footballer husband Karung Onkholer Kom, nor their three little boys are fit enough for the role.While regular exercises and workout sessions have been a part of the Olympic bronze medallist’s life for the past months, not having a boxing partner was the biggest obstacle Mary felt, as she spoke to Time of India.Advertisement Every boxer would definitely say yes,” Mary acknowledged the lack of a sparring partner for training. “Sparring is an integral part of boxing, where we apply our learning, thoughts and counter. It’s definitely been a problem.”“This time of pandemic is challenging for all of us in different ways. It has been the same for me and my family. We have to embrace this time, which was never expected and deal with it,” the 37 year old answered when asked about how difficult the lock down period was.Advertisement Although Mary added that the postponement of the Tokyo Olympic to next year has disrupted her plans, but the extra time she would be getting to prepare in the future has been beneficial.“I can’t call it better, but am accepting the fact that it does give me much more time to be well prepared to take on the best in the world,” Mary went on, “Now let’s hope things become normal soon and we can all start preparing.”In addition to that, the lock down has not been all dull for the pugilist, as she opened up about the quality time Mary has been spending with her family.She continued, “My children got to eat more than they normally do on other days as I love preparing various recipes and snacks. I play, dance, and sing with my children,”“I am also training daily at home, doing my regular fitness exercises.” Mary added.If you like reading about MMA, make sure you check out MMAIndia.com Also follow India’s biggest arm wrestling tournament at ProPanja.comAlso read-Popular WWE personnel announces Covid-19 infectionSunil Gavaskar compares Virat Kohli’s batting to this all time great! Advertisementlast_img read more

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Mega Commercial Component For Route 35 Before Planners

By on August 4, 2020

first_imgBy Joseph SapiaMIDDLETOWN – On June 1, the township Planning Board is scheduled to  begin hearing the commercial component – almost 340,000 square feet of movie theater, retail and restaurant space – for the proposed Route 35 “Village” project.The Shoppes at Middletown are proposed for about 52 acres of Route 35 North, between Kings Highway, Kanes Lane and Carriage Drive — or diagonally across the highway from the municipal complex.The property is famous for its “Calico the Clown” sign, various businesses, a few residences and open space, including woods.Plans on file at the township Planning Department show 338,455 square feet of commercial space, broken down into:— Retail space of 285,622 square feet, individually ranging from 5,000 to 199,572 square feet.— Restaurant space of 27,033 square feet, individually ranging from 4,000 to 9,500 square feet.— Movie theater space of 25,800 square feet.Plans show a combination of connected and disconnected buildings, along with parking areas, an internal road system, storm water basins and wetlands. The plans call for the removal of most of the existing structures.The 52 acres are part of the 118 acres owned by Mountain Hill LLC. No application – expected to be residential – has been made for the remaining 66 acres, said Amy H. Sarrinikolaou, director of the community development in the township Planning Department.The commercial developer – Village 35 LP, Purchase, New York – is to present the plans at the Wednesday, June 1, township Planning Board meeting. The meeting is scheduled for 6:30 p.m. in the municipal complex courtroom.Village 35 seeks preliminary and final major subdivision and site plan approval. The subdivision is necessary to divide the 52-acre commercial aspect from the property’s remaining 66 acres, Sarrinikolaou said.The proposed use of the property complies with the site’s “Planned Development” (PD) zoning.“The property has been the subject of many applications to the township’s Planning and Zoning Boards over the past two decades,” according to paperwork filed with the Planning Department in September.The other projects did not come to fruition.last_img read more

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COVID-19 Update: Federal Funding, Free Local Testing

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first_imgThe Monmouth County Board of Chosen Freeholders held a press conference to announce the kick off of the county’s COVID-19 testing program, in coordination with the Grunin Foundation, to offer free testing in densely populated municipalities. Photo courtesy Monmouth County Freeholders Murphy said that under McConnell’s plan, there would be “zero flexibility” for states to receive any additional funding amid the ongoing COVID-19 pandemic. In the first round of federal funding under the CARES Act’s coronavirus relief fund, the state received $2.4 billion. “We cannot fully support our districts in their plans for the upcoming school year without help from Washington,” said the governor. “We are staring directly at a $1 billion cut in aid to our public schools and we’ll have to further cut operating aid to our struggling colleges and universities which, by the way, have already cut by nearly $200 million,” he said.  NEW JERSEY – Gov. Phil Murphy began his Wednesday afternoon press conference with strong criticism of U.S. Senate majority leader Mitch McConnell’s proposed stimulus bill, calling it “a slap in the face of every governor across the country.” By Allison Perrine Additionally, Murphy reviewed updates to the list of states on the travel advisory; anyone returning or visiting from a state on the list should self-isolate for 14 days. It now includes 31 states, up from 22 states last week. Newly added are Alaska, Delaware, Indiana, Maryland, Missouri, Montana, Nebraska, North Dakota, Virginia and Washington. As of Wednesday, July 22, the total cumulative number of positive COVID-19 cases statewide reached 177,645 with 13,787 total lab-confirmed deaths and 1,920 suspected related deaths. The daily positivity rate reached 2.48 percent as of July 18. “What New Jersey has gotten back is a drop in the bucket compared to our needs,” he said. “Because of the pandemic, we are undergoing a historic fiscal crisis, the likes of which has only happened twice in our state’s 244-year history,” during the Civil War and the Great Depression. Through this partnership, free COVID-19 testing is available in Asbury Park, Freehold Borough, Keansburg, Neptune, Long Branch and Red Bank. Anyone interested can simply walk up to the site and get tested; no appointment is needed. Tests will be offered six days a week and will rotate from town to town, Murphy said. More information is available at visitmonmouth.com. “Whether it’s in Monmouth County or your county, we have the testing capacity. The turnaround time to get your results is the challenge,” he said. “That’s a national challenge. But the capacity in this state is as good as any capacity in any state in America.” “We continue to ask everyone who has been in one of these 31 impacted states to practice self-responsibility and good citizenship, and comply with our travel advisory,” said Murphy. He encouraged everyone to get tested if they feel symptomatic or think they may have been exposed to the virus, especially with free testing now available thanks to Monmouth County government and the Grunin Foundation. At the same time, the state cannot ignore its current needs to meet “sharply increased costs” for things like emergency response, public transit, small business aid and school funding, which Murphy said is “especially critical.” In May, the governor’s office predicted having a $9.9 billion budget deficit by June 2021. Similarly, the nonpartisan Center for Budget and Policy Priorities estimates that states nationwide “are staring down a combined hole of $555 billion” by fiscal year 2022, said Murphy. He said New Jersey has already dipped into its “rainy day fund” to get through the next two months and has directed all state departments to plan for 15 percent budget cuts this fall. According to Murphy, the advisory applies to anyone traveling from a state with a positive test rate over 10 per 100,000 residents or a state with a 10 percent or higher positivity rate over a seven-day average. The article originally appeared in the July 23 – 29, 2020 print edition of The Two River Times.last_img read more

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By on August 2, 2020

first_imgVictor Espinoza53911617%$615,740 Elvis Trujillo6296615%$480,478 TrainerSts1st2nd3rdWin%Money Won -30- Richard Baltas2232314%$114,278 Doug O’Neill464659%$235,840 Brandon Boulanger3951313%$99,780 Mark Glatt2354422%$175,236 Rafael Bejarano812116926%$981,074 (Current Through Sunday, Jan. 18) Kent Desormeaux53126723%$622,848 Peter Eurton2753519%$272,708 Martin Pedroza56910516%$329,140 HORSE OF THE YEAR DRILLS FOR SAN ANTONIODESORMEAUX AND HESS TEAM UP IN CAL DERBYVERSATILE KATHLEEN ROSE IS BACK SPRINTINGTEXAS RED NARROWLY MISSES ECLIPSE AWARDBIG MACHER WORKS FOR THE CAL CUP SPRINT DESORMEAUX KEEN ON SON OF PAPA CLEM IN DERBYThere may be no tangible explanation for the success Kent Desormeaux and Bob HessJr. have enjoyed together over the past two decades. Call it karma, but whatever it is, it works.They hope it continues next Saturday when Desormeaux rides Mischief Clem for Hess in the $250,000 California Cup Derby for 3-year-olds at 1 1/16 miles.“He’s a very honest little horse,” said Desormeaux, who has ridden the son of Papa Clem in four of his five career races, winning his debut by 7 ¼ lengths at Del Mar Sept. 1. Last out they finished second by nearly seven lengths to unbeaten runaway winner Acceptance in the King Glorious Stakes at Los Alamitos.“Usually he only gets beat if he gets outrun,” Desormeaux continued. “I really enjoy riding him.”As to his prosperity with Hess, the three-time Kentucky Derby winner and Hall of Fame member said, “It’s always a confidence-builder knowing I’m going out there to ride for Bob.” Eddie Truman530160%$77,530 Fernando Perez5566311%$225,494 JockeyMts1st2nd3rdWin%Money Won Jeff Bonde1230225%$121,560 KATHLEEN ROSE BACK ON THE HILL IN TURF SPRINTKathleen Rose goes from long to short when she runs in Saturday’s $150,000 Sunshine Millions Filly and Mare Turf Sprint for older fillies and mares at about 6 ½ furlongs.The 5-year-old Good Journey mare led into the stretch last out in the Grade III Robert J. Frankel Stakes at 1 1/8 miles on turf, but did break her maiden over the same course as Saturday’s Turf Sprint back in December of 2013.“She’s done it all before,” trainer Mike Machowsky said. “She won down the hill, even though it was only her maiden race. But this is for Cal-breds. There should be enough speed in there to set it up for her. Hopefully we’ll be the closer.” Mike Puype2733411%$131,650 Corey Nakatani4077518%$401,126center_img Hector Palma831038%$64,460 Flavien Prat2851518%$190,740 Mark Casse2444417%$334,360 Jerry Hollendorfer46126626%$1,000,430 Bob Baffert323759%$420,568 TRAINER LOOKS TO FUTURE AFTER MISSING ECLIPSEThe Eclipse Award for 2-year-old male usually is automatic. It goes to the winner of the Breeders’ Cup Juvenile. Not this time.In the closest vote in any category, Juvenile winner Texas Red lost by 15 votes, 126-111, to American Pharoah, who missed the Nov. 1 Juvenile with an 11th-hour injury.Keith Desormeaux, trainer of Texas Red, took the decision philosophically, focusing on the future, starting with the San Vicente Stakes on Feb. 1 when the son of Afleet Alex is scheduled to make his 3-year-old debut.“I didn’t want to say anything (beforehand), but I was pretty confident leading up to the award,” Desormeaux said Monday morning. “I thought it was his, really, so, yeah, it was a little disappointing. I did the right thing. I kept my mouth shut.“It’s disappointing mainly because an award like that is important to a horse’s value. Having the word ‘champion’ attached to your resume means a lot for marketing. That’s what’s most disappointing, but we’ll try to take care of that business this year.”HRTV will re-broadcast Saturday’s 2014 Eclipse Awards show in its entirety on Friday, Jan. 23 from 5:30 p.m. to 8 p.m. Pacific. It will also re-air from 8:30 p.m. to 11 p.m.FINISH LINES: Big Macher, in his final major prep for Saturday’s $150,000 California Cup Sprint at six furlongs, worked a half-mile under Rafael Bejarano Monday morning in 47.40. “Very happy,” is what trainer Richard Baltas said after the move by the son of Beau Genius following the 9 a.m. break. “He went 11 flat the last eighth.” . . . Firing Line, second by a head to unbeaten Dortmund in the Grade I Los Alamitos Futurity on Dec. 20, is scheduled to make his 3-year-old debut in the Grade II Robert B. Lewis Stakes a 1 1/16 miles on Feb. 7, trainer Simon Callaghan said . . . Trainer Barry Abrams on California Chrome being named Horse of the Year: “He totally deserved it. He’s the only horse that ran from the beginning of the year to the end. I don’t care if he was a two-year-old, a three, or a four. He won a Grade I race in the beginning of the year and a Grade I race at the end of the year. In the history of Thoroughbred horses, not very many did that. He might be the only one.”. . . Through 16 racing days, Bejarano has opened a 21-12 lead over runner-up Kent Desormeaux in the jockeys’ race, while Jerry Hollendorfer holds a 12-11 edge over Peter Miller among trainers . . . Santa Anita races through today, but will be dark this Tuesday, Wednesday and Thursday. Santa Anita will be open for simulcast racing on Thursday, however, with free admission and free parking. First post time for live racing Friday is 1 p.m. Michael Pender1143036%$113,690 Barry Abrams1231025%$104,898 Peter Miller44117525%$614,636 SANTA ANITA STATISTICS Mike Smith4167715%$558,411 CALIFORNIA CHROME WORKS FOR SAN ANTONIOHorse of the Year California Chrome–has a nice ring to it, doesn’t it?–drew ever closerto his 4-year-old debut in the $500,000 San Antonio Stakes at Santa Anita on Feb. 7 when he worked seven furlongs at his Los Alamitos base Monday morning in 1:27 2/5 under regular rider Victor Espinoza.“He went easy and galloped out strong,” said Alan Sherman, son of and assistant to trainer Art Sherman. With California Chrome wearing blinkers and running on a cleared track, Los Alamitos head clocker Russ Hudak recorded fractional times of 25 1/5, 50 3/5 and 1:02 2/5, with a time of 1:14 1/5 for six furlongs at the wire.“They let him run through the lane,” Hudak said. Added Sherman: “We’re real happy with the work. He’ll breeze again next Sunday.” Carla Gaines1733118%$198,265 Tyler Baze861161313%$588,978 Philip D’Amato2144419%$190,530 Joseph Talamo69511107%$463,328 Drayden Van Dyke62651010%$341,636 John Sadler383688%$255,766 A. C. Avila1130027%$67,480 Gary Stevens2864321%$278,430last_img read more

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first_imgDo The Dance–Tyler Baze–120Prize Exhibit–Mike Smith–118Poster Girl–A.O. Solis–118Jeremy’s Legacy–Mario Gutierrez–118Kenriya–Julien Auge–118Tiz A Kiss–Kent Desormeaux–118Into The Mystic–Flavien Prat–118 PRIZE EXHIBIT: A back to back graded stakes winner at age three, 5-year-old Prize Exhibit has been keeping good company but is winless in her last 10 starts. Squeezed at the break in the Grade I Matriarch, she ran well to be beaten five lengths by Miss Temple City while finishing eighth. A three-time graded winner, English-bred Prize Exhibit is trained by Jim Cassidy and has three wins from 12 tries at a mile on turf. Owned by D P Racing, she is 30-6-3-2 overall and is the leading money earner in the field with $577,045. ARCADIA, Calif. (Jan. 13, 2017)–Irish-bred Into The Mystic, an impressive one mile turf winner in her U.S. debut for trainer Richard Mandella three starts back, will seek her first graded stakes victory as she, along with Tiz a Kiss, Prize Exhibit and Do The Dance, all figure prominently in Monday’s Grade III Megahertz Stakes, to be contested at one mile over the Santa Anita turf. DO THE DANCE: A restricted stakes winner at 1 1/16 miles on turf at Del Mar Nov. 11, this 4-year-old daughter of Discreet Cat seeks her third win in a row in what will be her third graded stakes assignment. A gate to wire winner on Nov. 11, Do the Dance rallied from off the pace to take a one mile turf allowance here on Oct. 21. With regular rider Tyler Baze back aboard, the Gary Sherlock trainee can go to the front or stalk, depending upon the way the race sets up. Owned by Tom Mansor, Purple Shamrock Racing or Sherlock, she is 12-3-1-1 at a mile on turf and has four wins from 19 overall starts. TIZ A KISS: Although she had laid close to the pace in four previous starts, the Richard Baltas-trained Tiz a Kiss lagged far back early and ended up seventh, beaten four lengths by highly regarded Miss Temple City in the Grade I Matriarch Stakes going one mile on turf at Del Mar Dec. 4. A sharp second two starts back here in the Grade II Goldikova Stakes at a mile on turf Nov. 6, this hard knocking 7-year-old California-bred mare by Cee’s Tizzy rates a big look with Kent Desormeaux back aboard. Owned by Cicero Farms, LLC, she is 23-4-7-1 overall and seeks her first graded stakes win.center_img THE GRADE III MEGAHERTZ STAKES WITH JOCKEYS & WEIGHTS IN POST POSITION ORDERRace 7 of 10                                                                                        Approximate post time 3 p.m. PST There is a special early first post time on Monday, Martin Luther King, Jr. Day at Santa Anita of 12 noon. Admission gates will open at 10 a.m. For scratches, surface condition updates, late changes and complete morning line information, please visit santaanita.com. INTO THE MYSTIC: Originally entered to run a mile and one half on turf Sunday, this 5-year-old mare has a win and a second at a flat mile on turf and appears to be primed for a top effort in her fourth stateside start. Most recently fourth, beaten 2 ¼ lengths, in the Grade III Red Carpet Handicap at Del Mar Nov. 24, she’ll be cutting back in distance from 1 3/8 miles on grass and will be ridden for the fourth consecutive time by Flavien Prat. Owned by Rick Porter’s Fox Hill Farms, Inc., the daughter of Galileo has four wins from 10 overall starts–all of them on turf. Devoid of early foot, she would be flattered by a fast early pace on Monday.last_img read more

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