CB Richard Ellis, Los Angeles, has been named real estate adviser to RBC Financial Group, the businesses and operating subsidiaries of Royal Bank of Canada.CBRE said the outsourcing of services includes portfolio, transaction, facilities, and project management. "The assignment is noteworthy because it represents a substantial expansion of the services CBRE has delivered to RBC Centura during the last 11 years," CBRE said. The company will oversee real estate services for RBC Centura, RBC Builder Finance, RBC Mortgage, RBC Global Private Banking, and the U.S. operations of RBC Capital Markets and RBC Insurance. CBRE can be found online at http://www.cbre.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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