Financial Services Roundtable CEO Pawlenty to Resign

Feb 07, 2018

The head of one of the nation’s most prominent financial industry trade organizations has announced that he is resigning, and his move is raising speculation that he may return to his original career in politics.

The Minneapolis Star-Tribune reports that Tim Pawlenty is stepping down next month as President and CEO of the Financial Services Roundtable, a job that he held since September 2012. Pawlenty came to the trade group after serving as governor of Minnesota from 2003 to 2011, and his move raised talk that he would seek his old job.

“As has been publicly reported, I am exploring that as an option but certainly haven’t made any decisions in that regard,” Pawlenty said in response to a question of his future. He is scheduled to meet next week with potential donors to discuss his viability as a candidate.

Pawlenty’s 2006 re-election marked the last time that a Republican won a statewide race in Minnesota. He launched an unsuccessful bid for the 2012 Republican presidential nomination and later served as co-chairman of Mitt Romney’s presidential campaign before taking the helm at the Financial Services Roundtable.

About the author

Phil Hall

Link copied

Published

Feb 07, 2018

Analysis and Data

Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

The September jobs report gave the mortgage market something it hasn't had much of lately: downward pressure on Treasury yields.U.S. employers added just 29,000 jobs in September, while the unemployment rate edged up to 4.2%, according to the Bureau of Labor Statistics. The ...

Wholesale

The Loan Store Rebrands As Averra Financial

The wholesale lender is adopting a new identity three years after acquiring Homepoint’s wholesale business and rising to No. 4 in industry rankings

The Loan Store has a new name after a three-year expansion that transformed the once-small wholesale lender into one of the largest players in the broker channel.The Tucson, Arizona-based lender has rebranded as Averra Financial Inc., effective immediately, the company annou...

Nov

Houston, TX

More from

Analysis and Data

Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Analysis and Data

Oct 02, 2026

Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Analysis and Data

Oct 01, 2026

Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Analysis and Data

Sep 29, 2026

Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Analysis and Data

Sep 25, 2026

Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Analysis and Data

Sep 25, 2026

Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Tech

Sep 23, 2026

Popular