Howard M. Sipzner, chief financial officer and treasurer of Equity One Inc., North Miami Beach, Fla., has been appointed executive vice president of the real estate investment trust.The shopping center REIT said Mr. Sipzner will continue as CFO, but that David W. Briggs has been named vice president and treasurer. Mr. Briggs will also continue as chief accounting officer of the REIT. Mr. Sipzner, 42, has been with Equity One since 1999 following a 15-year career with Chase Securities, Chemical Banking Corp., and Merrill Lynch, the REIT said. Mr. Briggs, 43, spent 15 years with Westfield America and Ernst & Young LLP, joining Equity One in 2002.
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Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
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Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
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The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
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Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
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Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
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Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
May 6