Gregory T. Mutz, chairman of AMLI Residential Properties Trust, Chicago, will resume the position of chief executive officer of the real estate investment trust, AMLI has announced.Mr. Mutz co-founded AMLI's predecessor company more than 20 years ago and served as its CEO from its initial public offering in 1994 to 1998, the REIT said. He joined UICI, a financial services company, in 1998 and served as its president and CEO until last year. Allan J. Sweet, who has been co-CEO of AMLI with Philip N. Tague, will continue as AMLI's president. Mr. Tague will continue as the company's executive vice president and chairman of AMLI Residential Construction. The REIT can be found online at http://www.amli.com.
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The Federal Open Market Committee voted to reduce interest rates by 25 basis points Wednesday, but the emergence of dissents on the committee makes the chance of another quarter-point cut in December less certain.
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Of the 15 states most affected by natural disasters, California and Florida had the highest non-renewal rates in 2024, a Weiss Ratings study found.
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The deal will help drive development at Mortgage Cadence, which had been a unit of Accenture, and enable new integrations and automation, according to leaders.
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A regulation requiring nonbanks to report violations of local and state orders to federal offices was redundant and offered no benefit, mortgage leaders said.
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Mortgage loan application volume jumped 7.1% on a seasonally-adjusted basis last week, the Mortgage Bankers Association said.
October 29 -
Shareholders' equity topped $105 billion as net income rose 16% from the previous quarter and nearly matched year-ago results.
October 29





