KPMG adds Larry Walker as managing director

“Larry’s unique background combining top level hands-on mortgage industry operational and consulting experience is indispensable to our clients as they seek critical assistance navigating the complex mortgage and consumer lending market,” said Mark Twerdok, KPMG partner.

Household wealth hits new record

American’s wealth hit the highest level ever in the second quarter, following a rise in stocks and home prices. As a result, this could ramp up consumer borrowing, which could possible be the key to boosting the economic recovery.