Super MergerSub Inc., an affiliate of Australian property investment manager Central Properties Group, has announced the designation of five members of the New Plan Excel Realty Trust Inc. board of directors.The new board members, whose appointments were made pursuant to a previously announced merger agreement, are Andrew Scott, John Hutchinson, Graham Terry, Romano Nenna, and Anthony Torney, all of whom are members of Centro's executive committee. New Plan directors William Newman, Glenn J. Rufrano, Raymond H. Bottorf, Norman Gold, Matthew Goldstein, Nina Matis, Melvin Newman, and Gregory White have all resigned from the board, Centro reported. New Plan directors Irwin Engelman, H. Carl McCall, and George Puskar will continue to serve on the eight-member board. Centro and New Plan, a New York-based real estate investment trust, can be found online at http://www.centro.com.au and http://www.newplan.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 -
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 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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 -
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 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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