Edward F. Lange Jr. has been promoted from chief financial officer of BRE Properties Inc., San Francisco, to executive vice president and chief operating officer.Mr. Lange, 47, has been CFO since 2000 and will continue in that post until a successor is named, the real estate investment trust said. He was previously CFO of Health Care REIT Inc. and a senior vice president at Mediplex Group Inc. and affiliated companies. BRE Properties, an apartment REIT, can be found on the Web at http://www.breproperties.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
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In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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