Hal Rose, a 35-year veteran of real estate lending, has been hired by First Federal Bank of California, Santa Monica, to lead its Income Property Lending Group.The bank said Mr. Rose will assist in expanding the income property lending business into wholesale lending and new territories. It said Mr. Rose's career highlights include "the development of a nationwide lending presence for one of the largest multifamily lenders in the country [and] top performance as senior real estate officer for a mortgage banking company." The bank can be found on the Web at http://www.firstfedca.com.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









