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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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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