General Growth Properties, Chicago, one of the largest commercial REITs in the nation, said director Glen Rufrano has resigned from its board. In a new SEC filing, the company said his departure "is not due to any disagreement between Mr. Rufrano" and the company. General Growth is a real estate investment trust that invests and owns shopping malls, master planned communities, and other CRE assets.
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.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
