Christopher Peatross has been named chief executive officer of CarrAmerica, a real estate company based in Washington, D.C., and Kurt Heister has been named chief financial officer of the company.CarrAmerica also announced the appointments of Ken Simmons as senior vice president of the Washington, D.C. Development Group; Bill Simpson as chief information officer; and Howard Weissman as controller. In addition, the following individuals were named managing directors: Jeff Pace, for Chicago, Dallas, Denver, Salt Lake City, and Austin, Texas; Malcolm O'Donnell, for Southern California; Clete Casper, for Seattle and Portland, Ore.; and Phillip Thomas, for metropolitan Washington, D.C. CarrAmerica announced the appointments a few days after the July 13 close of its merger with an affiliate of The Blackstone Group, a New York-based commercial real estate investor. The companies can be found on the Web at http://www.carramerica.com and http://www.blackstone.com.
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Technology and customer service were the two largest categories within operational expenses last year, according to the Mortgage Bankers Association.
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Bright partnered with real estate data and analytics platform HouseCanary to deliver exposure on Google at no additional cost or operational efforts.
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The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.
June 29 -
The lawsuit is the third against a California-based mortgage company this month after revelations of another early-2026 incident at a wholesale lender.
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The Bank of International Settlements compared the recent AI investment frenzy to the canal mania of the 1830s, the British railway craze of the 1840s and the dot-com boom of the late 90s.
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Fake jumbo mortgages are helping non-agency securitization growth, but these loans could have higher than expected delinquency rates, an analysis said.
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