Affordable Residential Communities Inc., Denver, has reported the resignation, effective immediately, of George McGeeney as president and chief operating officer of the real estate investment trust.The reason for the resignation was not disclosed. The equity REIT said Scott Jackson, the company's chairman and chief executive officer, has been appointed to the additional post of co-chief operating officer, and vice chairman John Sprengle has assumed the title of president and co-COO. In addition, Lawrence Kreider has been promoted to chief financial officer, the REIT said. ARC, which specializes in manufactured home communities, can be found online at http://www.aboutarc.com.
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The new executive order could add lender competition for self-employed borrowers, potentially via a small loan carveout and one for portfolio products.
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Eleven defendants face fraud and money laundering charges in a California case involving elderly homeowners and private lenders, prosecutors said.
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There were an estimated 630,000, or 46.3%, more home sellers than buyers in the United States in February, according to a Redfin report.
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United Wholesale Mortgage is offering revised terms. The mortgage real-estate investment trust that owns RoundPoint also received a third offer it's considering.
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Federal Reserve Gov. Stephen Miran said it is too early to judge how U.S. involvement in the war with Iran will affect inflation and monetary policy.
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The Trump administration hasn't formally charged Swalwell, Adam Schiff or Lisa Cook, while a federal court tossed a prosecution against Letitia James.
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